In 1993, the end of an era was marked at Wachovia Corp. - and in the entire banking industry - with the partial retirement of John G. Medlin Jr.

Mr. Medlin, 60, relinquished his chief executive title at yearend to L.M. "Bud" Baker Jr., his chosen successor. Mr. Medlin will stay on as chairman for at least another two years, but his 17-year reign as Wachovia's hands-on top manager is clearly behind him.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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