Word: successor
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Dates: during 1950-1959
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Outgoing President Adolfo Ruiz Cortines lifted the ceremonial red-white-and-green sash of office from his shoulders, draped it on his successor, returned to his seat and retired from public life. López Mateos repeated the oath of office, which, in anticlerical Mexico, specifically excludes the usual "so help me God." "I promise to observe and uphold," he said, "the political Constitution of the United States of Mexico and the laws that derive from it. And if I fail, may the people call me to account...
...rdenas' successor, Manuel Avila Camacho, got Mexico's industrialization into full swing during World War II. To fight the war, the U.S. needed everything that Mexico produced-cotton, metals, ores. The railroads were antiquated and creaky, but at least they were submarine-proof. U.S. dollars tumbled in, exports rumbled out. Many rich ex-landowners built factories to produce the goods Mexico could no longer import...
...Peter Olai) Peterson, 62, resigned as chairman and
president of Mack Trucks, Inc. after a four-year tenure in which he
more than doubled Mack's sales and successfully weathered the recession
(third-quarter sales of $66,352,321 v. $60,759,386 in 1957).
Successor: to be named by Dec. 31.
...second largest U.S. chemical company, became president, succeeding Morse G. Dial, 63, who moved up to chairman and continues as chief executive officer. A Philadelphia-born, Lehigh-educated ('20) chemist, Bunn is more salesman than scientist, has been executive vice president since 1955, is Dial's probable successor...
...Gruber, 63, president "since 1956 of P. Lorillard Co. (Old Gold, Kent, Newport), fourth largest U.S. tobacco manufacturer (first nine months' sales: $353 million), moved up to the vacant post of board chairman, but will continue as chief executive officer. Taking his place as president, and most probable successor to head Lorillard when Gruber retires in two years: Harold Francis Temple, 55, vice president and director of sales, who began as a salesman with Lorillard 30 years...