Changes of the Week

P:A. (for Angus) Lightfoot Walker, 47, was elected president and chief executive officer of Rheem Manufacturing Co., maker of steel containers, heating equipment, military aircraft components, etc. (1955 annual sales: $161 million). "Gus" Walker succeeds Richard S. Rheem, who becomes chairman of the board, is first non-family man to be president. Born in Newport, England, Walker was raised in Australia, got an engineering degree at Sydney University. After two jobs as a sales engineer, he joined Rheem in Australia in 1937. Nine years later he was transferred to New York, became executive assistant to the president, later vice president.

P:Arthur Burton Goetze (pronounced gets), 55, became president of Western Electric, succeeding Frederick R. Kappel, American Telephone & Telegraph's new president (TIME, Oct. 1). Chicago-born Goetze joined Western Electric in 1917 as a draftsman, took night courses in electrical engineering. By 1952 he moved up to vice president of Western Electric, after a three-year stint as vice president with the Chesapeake & Potomac and the Ohio Bell Telephone companies. CJ Orville Simpson Carpenter, 57, was elected president of the Texas Eastern Transmission Corp., one of the biggest U.S. natural-gas pipeline companies (gross annual revenue: $169,027,558). A certified public accountant and the former Texas State Auditor, Carpenter helped organize Texas Eastern in 1947 by purchasing the Big and Little Inch pipelines from the Government, three years later became its vice president.

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