Monday, May. 31, 1954
Changes of the Week
P:Whitley Collins, 56, a tireless, hard-driving financial expert, was elected president of Northrop Aircraft, Inc., maker of the F-89D Scorpion, all-weather, rocket-armed interceptor. Graduate of the University of Pennsylvania's Wharton School of Finance and Commerce, Collins started as a banker, was a vice president and general manager of Lockheed Aircraft Corp. by the time he was 31. Today he is still a partner of the Collins-Powell Co., an aircraft-parts sales organization he founded in 1931; president of the Radioplane Co., which he founded in 1938 and which now makes target drones as a Northrop subsidiary; and chairman of the Holga Metal Products Co. (steel filing cabinets) of Van Nuys, Calif. A Northrop director since 1952, when Radioplane merged with the company, Collins replaces the late Major General Oliver P. Echols, USAF (ret.).
P:Joel Hunter, 48, moved up from executive vice president to president of Crucible Steel Co. of America, producer of high-quality alloys. Son of a Georgia C.P.A., Hunter took over his father's accounting firm in 1928, later merged it with Haskins & Sells of Manhattan, auditors for Crucible. In his spare time ("I really haven't any"), Hunter likes to golf (around 100) and to "mosey around" his six-acre Sewickley, Pa. estate. He replaces William P. Snyder Jr., who will continue as a member of Crucible's executive committee and board of directors.
P:Joseph B. Ely, 73, onetime governor of Massachusetts (1931-35) and a longtime Al Smith Democrat, was elected president of American Woolen Co. of Boston. Ely succeeds Francis W. White, who remains as a director of the company. Ely's job is temporary. If stockholders approve a proposed merger with New England's Bachmann-Uxbridge Worsted Corp., Bach-manh-Uxbridge President Harold Walter will take over on June 28.
P:Fred Pabst, 84, retired as chairman of the board of Milwaukee's Pabst Brewing Co., leaving the company without a Pabst as an officer for the first time in 88 years. Remaining as president is Harris Perlstein, 61, a chemical engineer whose skill and foresight taught the industry that uniform beer could be brewed at widely separated points, and who made Pabst ("What'll You Have?") Blue Ribbon the leader in the move toward coast-to-coast distribution of beer.
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