CHICAGO - Bank One Corp. chief executive officer James Dimon continued to reshuffle his management ranks Monday, announcing the senior-level appointment of two executives who come from outside his inner circle of top advisers.

Sarah McClelland, a 17-year veteran of the company and its predecessors, was named executive vice president and chief risk management officer, reporting directly to Mr. Dimon. Ms. McClelland, 40, was most recently the company's chief credit officer for middle market banking and previously held several senior credit and lending positions.

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