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Died. Thomas E. Millsop, 68, retired president (1954-61) and chairman (1961-64) of National Steel Corp., fourth biggest U.S. producer; of a heart attack; in Weirton, W.Va. Millsop signed on as a Weirton Steel salesman in 1927, was president within nine years, moved up to head parent National in 1954, then girded for the future, installing computerized equipment and a huge new Chicago mill. Result: National was the only company among steel's Big Eight to show a sales increase (16%) during the industry's 1957-62 slump...
AFTER quitting school in the eighth grade and bouncing around as a stunt pilot, semipro baseball player and riveter, Thomas Elliott Millsop landed a salesman's job at Weirton Steel in 1927. His first week there he astounded everyone by writing a $1,000,000 order. This persuasive salesman is now the chairman of Weirton's parent, National Steel, and has built it into the nation's fourth largest steelmaker, with 1963 sales of $846 million. Last week he announced that National will build the world's first mill containing all three of the industry...
...industry still had some slack left, but it was not enough to feel really comfortable, and steelmen were thinking of expanding once again. National Steel Corp. Chairman George Magoffm Humphrey and President Thomas E. Millsop announced that they will build the industry's biggest new finishing plant since U.S. Steel Corp. put up the $500 million Fairless Works (TIME...
...sixth largest steel company, with 1956 assets of $675 million and $664 million of sales. In his career Weir fought the Government, unions and fellow steelmakers; his is the only sizable steel company not organized by the United Steelworkers. To succeed himself as chief executive he nominated Thomas E. Millsop, 58, his protege, a former riveter who talked Weir into giving him a selling job, three years ago became National Steel's president. For the job of chairman, soon to be named, Washington rumor suggested the name of about-to-resign Treasury Secretary George M. Humphrey (see NATIONAL AFFAIRS...
...Union Carbide's President Morse G. Dial, American Tobacco's President Paul M. Hahn, Arnico Steel's President W. W. Sebald, National Steel's Chairman Ernest Tener Weir and President Thomas E. Millsop...