Changes of the Week

P: William White, 57, who was ousted as president of the New York Central by Financier Robert R. Young, in the hottest railroad battle of the year, was elected president of the Delaware & Hudson Railroad Corp. (793 miles of track stretching from Wilkes-Barre to Montreal), to succeed Joseph H. Nuelle, who voluntarily moved up to board chairman. White was also made president of the road's parent firm, the Delaware & Hudson Co., which controls the Hudson Coal Co., a leading anthracite producer. His new salary: about $90,000 a year, v. $120,000 at the Central. In the 1940s, when White was president of the Delaware, Lackawanna & Western, he started merger talks with the D. & H. and the Boston & Maine railroads, to form a carrier that would compete with the Central. Though the plan fell through, White may now revive it, perhaps try to bring in the Nickel Plate, which is partly (15%) owned by the Lackawanna.

P: George Macdonald Parker, 54, was elected president of Esso Export Corp., international sales arm of Standard Oil Co. (N.J.). A graduate engineer (University of Wisconsin, '23), Parker took a succession of jobs for gas producers, in 1943 began trotting the globe for Standard of N.J. In 1950 he went to London as an Esso Export vice president. He came back last year, bringing with him a 40-ft. Dutch sloop that he sails on Long Island Sound with his three sons.

P: Charles Thomas Lipscomb Jr., 46, was elected president of the J. B. Williams Co. (shaving creams). After graduating from the University of North Carolina ('28), Lipscomb spent his first ten years in business with Vick Chemical Co., the next ten with Coca-Cola and McKesson & Robbins, where he became general sales manager. In 1950 he was elected president of Unilever's Pepsodent division, where he was responsible for bringing out the first chlorophyll toothpaste (Chlorodent).

P: (for Alfred) B. (for Bing) Drastrup, 49, was named president of Pittsburgh's A. M. Byers Co., biggest U.S. maker of wrought iron, replacing L. F. Rains, who is retiring after 23 years. Born in Copenhagen, Drastrup arrived in the U.S. in 1926, rounding out his schooling at Indiana University. He wanted to keep on going around the world, made it to the West Coast, but then retraced his steps and joined Byers in 1931 as a plant auditor. He rose through operations and sales to executive vice president last February.

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