CHICAGO - First Chicago Corp. on Monday promoted Leo F. Mullin to the company's No. 2 post, putting him in line to succeed Richard L. Thomas as chairman and chief executive.

The announcement apparently decides a horse race among four top executives and addresses concerns on Wall Street about who would take the reins when Mr. Thomas, now 62, retires in April 1996.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.