The accounting firm Price Waterhouse & Co. has elected Joseph E. Connor, the head of its U.S. division, as the new chairman of its World Firm, the company said Monday.
Price Waterhouse partners also elected Shaun F. O'Malley, head of the firm's Philadelphia office, to replace Connor as head of its U.S. firm.
Connor, who has worked for Price Waterhouse since 1956, became a partner in the international accounting firm in 1967. He became chairman of the policy board of the U.S. firm in 1978 and was re-elected to a five-year term in 1983.
Connor succeeds Michael Coates, who is retiring, effective July 1, 1988.
The World Firm coordinates the activities of all Price Waterhouse member firms internationally, of which the U.S. firm is the largest.