Word: engstrom
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Stephen S. J. Hall, vice president for Administration, yesterday announced the appointment of Morten H. Engstrom '73, to advise him on ecological issues confronting the university...
...Engstrom worked for the Audubon Society in Portland, Maine, writing for its newsletter and studying problems of stream pollution by paper mills...
Unlike the major management shuffle at General Motors, the changes announced last week by Radio Corporation of America merely confirmed a long-predicted move. Executive Committee Chairman Elmer W. Engstrom will turn over to President Robert W. Sarnoff, 49, the title of chief executive officer, which Engstrom has held for 22 months. The switch, which will become effective New Year's Day, was disclosed well ahead of time to facilitate "an orderly transition of duties...
...Engstrom, 66, who reached the executive roster by way of the $2.5 billion corporation's research labs, is not retiring. He still has three years remaining on a five-year contract, and will continue to serve as executive-committee chairman and technological consultant. Besides, RCA differs from many large companies in that it has no mandatory retirement age for top executives. Chairman of the Board David Sarnoff, father of the new chief executive, is still vigorously active at 76; he remains RCA's most powerful voice and biggest stockholder...
...last week Hertz itself agreed to become a No. 2 of a sort. The rental firm's chairman, Leon C. Greenebaum, and Radio Corp. of America's chief executive, Elmer W. Engstrom, jointly announced that after an exchange of stock valued at $185 million, Hertz will become a wholly owned RCA subsidiary...