Changes of the Week

P:Charles H. Kellstadt, 63, president of Sears, Roebuck & Co. since 1958, became board chairman and chief executive officer, replacing Fowler B. McConnell, 65, who retired after 44 years with the company. The new president will be Crowdus Baker, 54, former vice president and comptroller. Kellstadt joined Sears in 1932. He was brought into the Chicago headquarters in 1946 as general retail merchandising manager, moved steadily up the ladder to a directorship in 1948 and vice-presidency the next year. In 1950 Kellstadt was appointed supervisor of Sears's southern region. At Sears business was never better. For the company year ending Jan. 31, Sears had sales of $4,036,153,139, Paid a record of $2.64 per common share. This year Sears will spend $77 million on expansion, open 15 new stores.

P:Robert S. Oelman, 50, president of National Cash Register Co. since 1957, was named chief executive officer to succeed Board Chairman S. C. Allyn, 68, who will continue as board chairman until he retires in December 1961. Oelman has been groomed for top job ever since he was appointed Allyn's assistant in 1942.

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