WASHINGTON Joe L. Allbritton, 77, has given up the posts of chairman and chief executive officer of Riggs National Corp. after 20 years with the company.
He was succeeded by his son, Robert L. Allbritton, 32. The father, who owns about 40% of Riggs stock, took the title of senior chairman.
Lawrence I. Hebert, a member of Riggs board of directors, became president and CEO of Riggs Bank.
Robert Allbritton has been on the board since 1996 and became vice chairman in 1999. He is also president of Allbritton Communication Co.; a Riggs spokesman said he will keep that job.
