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Clarence E. ”Red” Johnson, former president and chief executive officer of Borg-Warner Corp., was named a senior vice president in Kidder, Peabody & Co.`s Chicago office. Johnson, 61, left Borg-Warner after the company was taken private last summer in a buyout led by Merrill Lynch & Co. Kidder Peabody said Johnson will report to its president and have wide-ranging responsibilities, including recruitment of Midwest clients.
