The headline on a June 26 story about promotions at Government Employees Insurance Co. was incorrect in stating that five persons were named officers on Geico's board of directors. As the story stated, the individuals were named to new positions by the board and they will not serve on the board itself.

The Board of Directors of Government Employees Insurance Company recently announced the election of the following officers: Edward H. Utley, senior vice president; Edward J. Clark, vice president for data administration; Alvin Kaltman, vice president for systems and data processing; August P. Alegi, assistant vice president, office of legislative counsel, and Terry L. Baxter, assistant vice president for communications.

Utley joined Geico in 1973 as assistant vice president and became vice president, systems and data processing, two years later. Clark began his career with Geico in April, 1978, following a 15-year association with IBM. Kaltman was formerly a second vice president in the data processing department of the Travelers Corporation. Alegi joined Geico in 1968. He has held various positions in the office of the Legislative Counsel, including senior legislative attorney.Baxter has held various positions in training, development and communications since joining Geico in 1972.

Nella C. Manes, executive vice president and treasurer of Ehrlich-Manes & Associates, has become the first woman to receive the American Advertising Federation's Silver Medal since the award was initiated 20 years ago.

Manes received the award for her contributions to advertising, to the community and to the Advertising Club. The award is given annually to recognize men and women who have made outstanding contributions to advertising and who have been active in furthering the industrys standards and responsibility in areas of social concern.

Shaun M. Butler has been appointed general manager of the Alabama Ave. Sears and Roebuck retail store in Washington.

Butler began his career with Sears in Massachusetts. In 1971 he was named merchandise manager on the staff of the Delaware Valley area retail stores. His most recent assignment was as general manager of the Watertown, New York store.

Emanuel Lahman Jr., assistant secretary and district credit manager for the Noland Co. of Falls Church, was elected president of the 43,000-member National Association of Credit Management.

Lehman, a member of the association for 33 years, is a past national director and vice president for the eastern division.

Former chairman of the Federal Trade Commission, Calvin Joseph Collier, has joined the law firm of Hughes, Hubbard and Reed. Collier will work in the firm's Washington office.

Edward R. Padilla, newspaper division vice president of The Washington Post Company, will assume responsibility for the Trenton Times, the Everett (Wash.) Herald, and the company's newsprint affiliations.

Padilla joined the company this year to direct its newspaper acquisition activities. Before coming to The Post, Padilla served as president of the Sacramento (Calif.) Union Publishing Company.

Alvin Garfin, editor and publisher of Newsweek Books, and Bernard J. Shusman, executive producer of Newsweek Broadcaster, have been appointed vice presidents of Newsweek Inc.

Garfin came to Newsweek in 1961 as circulation director of ARTNews and later became its publisher. In 1972 he was named general manager of the magazine's book division, becoming publisher in 1975.

Shusman joined Newsweek Broadcasting in 1972 as executive producer. Prior to that he had worked for NBC News as a reporter, producer, executive producer of news and director of news.

James A. Shinkoff has been promoted to a vice president of the Hamilton Standard division of United Technologies Corp. He will be in charge of the division's Washington office. Shinkoff has been with Hamilton Standard since 1940. He became service representative in 1943, a Washington representative in 1950 and manager of the Washington office in 1963.

Gerard F. Holcomb has been elected to the board of directors of United Bank and Trust Co. of Maryland. Holcomb is president and chairman of the board of John Hanson Service Corp. He has been associated with John Hanson Savings and Loan Inc. since 1968, serving in several capacities, including director and chief operating officer.

Michael C. Finnegan was recently appointed executive vice president of University National Bank of Rockville. Before joinging the bank in 1977 as vice president of the commerial loan division, Finnegan was associated with the Riggs National Bank of Washington.

The board of directors of Fidelity American Bank, NA/Northern Virginia, announced the promotions of William B. Sutphin to senior vice president and cashier and Charles F. Gilbert to vice president and loan administrator.

Sutphin has been with Fidelity since 1960 and Gilbert has been with the bank since 1973.

Richard Holbrock has been elected executive vice president of Flow General Inc. of McLean and John Allen has been appointed president of Flow General's subsidiary, General Research Corp.

Holbrook has been with the company and its predecessor since 1962, serving most recently as senior vice president. Allen has served as a vice president of both Flow General Research for the past year and as the director of General's systems techologies group.

The Federal Communications Commission announced the resignation of Walter R. Hinchman as chief of its Common Carrier Bureau. The bureau deals with domestic and international telephone and telegraph service.

Hinchman has been in charge of the bureau since 1973.

Edward Padilla, newspaper division vice president of The Washington Post Co., will assume responsibility for the firm's out-of-town newspaper publishing and newsprint manufacturing interests, starting July 15.

Padilla, former president of the Union Publishing Co. in Sacramento, Calif., joined the Washington company Jan. 1 to direct newspaper acquisition activities from an office in Sacramento. He will continue to be responsible for acquisitions after he moves to the corporate headquarters here, according to Post Co. President Mark Meagher.

Operations under Padilla's supervision include the Trenton, N.J., Times; Everett, Wash., Herald; Robinson Terminal Warehouse Corp. in Alexandria; and newsprint affiliates.

Stephen Aug has been appointed business editor of The Washington Star, succeeding Thomas Dimond, who was named an assistant managing editor in charge of The Star's first edition.

Aug, 42, has been a reporter on the financial and national staffs at The Star since 1968. Previously, he worked for seven years with the Associated Press. He won the University of Missouri Business Journalism Award in 1975.