Monday, Jan. 12, 1959
Changes of the Week
P: W. Gardner Barker, 45, executive vice president of Thomas J. Lipton, Inc., became president and chief executive officer, succeeding Robert Smallwood, 65, who retired after 20 years with Lipton. Under Smallwood's leadership, Lipton's sales increased more than 14 times ($103.5 million in 1957), its profits more than 25 times ($5,500,000 in 1957). Born in Brookline, Mass., Harvard-educated ('35), Barker has specialized in new product development, joined Lipton after six years as executive vice president of Simoniz Co. CJ James T. Pyle, 45, administrator of Civil Aeronautics, was named deputy administrator of the new Federal Aviation Agency, which absorbed the CAA's safety function and the Civil Aeronautics Board's rule-making function on Dec. 31. Under FAA Administrator Elwood ("Pete") Quesada, Pyle will coordinate civil airways with the military, share responsibility for spending $1 billion on airways modernization in the next five years. Pyle, who started his career as an executive trainee with Pan American World Airways and went to Washington in 1953 to work for the Assistant Navy Secretary for Air, has built a reputation of competency among all commercial aviation groups, and worked smoothly with the Air Force and Congress.
P: Robert W. Purcell, 47, director of the International Basic Economy Corp. (IBEC), overseas development and financing enterprise of the Rockefeller brothers, became board chairman, succeeding Nelson A. Rockefeller. A Cornell Law School graduate ('35), Purcell achieved his reputation as a troubleshooter for Robert R. Young at the Alleghany Corp., headed Alleghany Corp.'s Investors Diversified Services, Inc. until 1955, when he became a business adviser for Nelson Rockefeller. As IBEC chairman, Purcell, who has already started a mutual fund in Brazil, plans to spread them to other Latin American countries, expand IBEC operations in the Middle East and Southeast Asia.
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