R. Steven Romney has been named president and chief executive officer of Wallace Associates Cos.
Romney replaces Angus T. Shearer Jr. who accepted a position with KPMG Peat Marwick earlier this month.Romney has been with Wallace Associates for 13 years and most recently served as vice president and chief operating officer.
Wallace Associates, a 30-year-old Salt Lake firm, provides real estate services to local and national clients.
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"Over the years, we've been known for our stability and position of leadership both in the local and national real estate markets," said M. Walker Wallace, chairman. "With Mr. Romney as president and CEO we will build on that tradition."