Financially troubled United Press International, which is trying to reorganize and stave off liquidation, has announced the creation of an office of the president, formalizing the posts of its new executive team.
Luis Nogales will be chairman and chief executive. Raymond Wechsler will be president and chief operating officer, overseeing business operations and reporting to Nogales. Maxwell McCrohon will be vice president and editor in chief in charge of all news-gathering operations for the Washington-based wire service.
Wechsler, formerly vice president, treasurer and chief financial officer of AT&T International Inc., served as a financial adviser and consultant to UPI for the past eight months. McCrohon was editor in chief of UPI and formerly editor of the Chicago Tribune. Nogales, who joined UPI in August, 1983, and served as president since September, 1984, took over as chairman earlier this month from former controlling owner Douglas Ruhe at the insistence of Los Angeles-based Foothill Capital Corp., UPI's primary lender.