J.P. Morgan & Co., New York, has elected John A. Krol, president and chief executive of DuPont Co., as a director, effective Jan. 1.

He was also elected a director of Morgan Guaranty Trust Company of New York, the principal banking subsidiary.

Mr. Krol, 60, has held the DuPont posts since last year. He is also a member of DuPont's strategic direction and environmental policy committee.

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