Standard Brands Chief Executive Replaced : Executives: Officer from parent company to run struggling paint firm.

Standard Brands Paint Co., seeking to return to profitability, announced Tuesday that its chief executive of only four months has resigned and been replaced by an official from the company’s parent.

Arthur W. Broslat, appointed CEO in August, was replaced by Gilbert Minionis, previously vice president for international operations of Corimon, a Venezuela-based paint manufacturer and distributor that purchased a 77% stake in Torrance-based Standard Brands in May.

Broslat, whom the company said resigned to pursue personal interests, also resigned as president of Corimon. Phillipe Erard, Corimon’s chairman and CEO, was named chairman of Standard Brands and assumed Broslat’s post as president of Corimon.

Standard Brands has suffered from the sluggish Southern California economy and from a heavy debt load incurred in 1987 while fighting off a hostile takeover bid.

The paint retailer filed for Chapter 11 bankruptcy protection in 1992, emerging out of it in 1993. It now operates 50 stores, all in California, down from 135 in 1992.

During the first three quarters of 1995, Standard Brands lost $14.2 million on sales of $68.9 million. The company lost $11.9 million during the same period in 1994 on sales of $78.3 million.

Corimon spokeswoman Kristin Anderson said the company wants Standard Brands to capture a greater share of the Southern California Latino market. She said its stores are in areas of heavy Latino populations.

Minionis becomes the fourth CEO of Standard Brands since 1993. One served only a six-week term before suffering a fatal heart attack.

Corimon’s shares were unchanged at $3.75 on the New York Stork Exchange on Tuesday. They have plunged from $9.375 earlier this year. Standard Brands’ shares fell 12.5 cents to $1, also on the NYSE.