Monday, Feb. 15, 1954
Changes of the Week
P: Modie Joseph Spiegel Jr., 53, moved up from the presidency to the long-vacant (since the death of his father in 1943) job of board chairman of Spiegel, Inc., the nation's No. 3 mail-order and retail house. Spiegel, still the chief executive officer, took over the family business in 1932, when sales were only $7,000,000 and the company was losing money, got it back on a profitable basis the following year and by last year had boosted sales to $134 million. Replacing him as president: Robert S. Engelman, 41, who, like Spiegel, graduated from Dartmouth College ('34), joined the company that year as an assistant buyer, and worked his way through the merchandising ranks to a vice-presidency in 1949, general-merchandise manager in 1951.
P: George Tipton Naff, 53, became president of Texas Eastern Transmission Corp., owner and operator of the Big Inch and Little Big Inch pipelines. He has been the company's executive vice president since 1948, was closely associated during most of his business life with his predecessor, R. H. Hargrove, killed in the same plane crash that took the life of Airline President Thomas Braniff (TIME, Jan. 18).
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