Word: greenough
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After the Pennsylvania Railroad's board of directors finished its regular meeting last week in Philadelphia, a telephone call went through to summon Allen J. Greenough, 54, vice president in charge of transportation and maintenance. Walking into the president's office, Greenough was hit with the biggest surprise of his career: he had just been named president of the Pennsy, jumping over the heads of other officers who had hoped...
...post put Greenough in line as heir to James M. Symes, who moved up from president to chairman and remained chief executive officer. Symes, 62, plans to retire in 2½ years, in Pennsy fashion wanted to pick his successor well ahead of time...
...Greenough was not the only one surprised by the board's action. Previous top candidate for the job: Greenough's own boss, James P. Newell, 57, vice president of operations. Greenough had not been considered in the running. But railroadmen gossiped that other vice presidents were scrambling so hotly for the job that the board decided to pass over all of them, picked Greenough as the man who could work best with the contending factions...
Matthews South took second with 56, followed by Greenough, 72; Hollis, 81; and Weid South...
...Charles Greenough Mortimer, 59, was elected chairman of General Foods Corp. He will continue as chief executive officer, a post he has held since 1954, when he was named president of the nation's largest packaged-food processor (Jell-0, Maxwell House coffee, Birds Eye frozen foods). As chairman, a previously vacant post, Mortimer will concentrate on the company's future growth and development. Succeeding Mortimer as president is Wayne C. Marks, 55, who will also be chief operating officer. Marks joined General Foods in the position of clerk in 1926, was appointed executive vice president...