CUMMIN NAMED CHAIRMAN OF PHLCORP <PHX>
PHLCorp said its shareholders
elected Ian M. Cumming as chairman, succeeding Victor H.
Palmieri, and Joseph S. Steinberg as president, succeeding
Peter A. Martosella.
    PHLCorp, formerly Baldwin-United Corp, said Cumming and
Steinberg were also elected to the board of directors, as were
James N. Kimball and Michael T. Lynch.
    Cumming is chairman of <Lucadia National Corp>, which
bought a 39 pct stake of Baldwin-United during the bankruptcy
reorganization that led to the formation of PHLCorp. Steinberg
is president of Lucadia.
 Reuter
