CHICAGO -- Furthering an internal transition, First Chicago Corp. Wednesday unveiled a realignment that elevates several officers and forms a risk management position.

Richard L. Thomas, chairman and chief executive, said the moves "evolved from the management transition which started in 1992 when I became chairman." Mr. Thomas, 63, assumed the top post at First Chicago fairly late in his carer and has been hustling to overhaul the $66 billion-asset banking company before he retires in 1996.

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