Word: swensrud
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...remained chairman. Every industry looked for new competitive talent. To exploit new markets at home, John L. Burns, 49, took over at Radio Corp. of America as Frank Fosom neared retirement; with more exploration abroad, William Whiteford stepped up to replace Gulf Oil's retiring Boss Sidney A. Swensrud. And when General Dynamics Chairman John J. Hopkins died, the man who moved in to tie the corporation's many divisions together was Frank Pace, 45, onetime U.S. Budget Director and Secretary of the Army. Even Madison Avenue admen, whose accounts were swimming back and forth like salmon, changed...
...William K. Whiteford, 56, president of Gulf Oil Corp., officially becomes chief executive officer with the retirement of Sidney A. Swensrud, 56, as chairman of the board, a post that will be discontinued. Burly, aggressive Bill Whiteford, who started as an oilfield roughneck out of Stanford University, was brought into Gulf in 1951 from the presidency of Canada's British American Oil Co., Ltd., made chief administrative officer in 1953 under Swensrud, who moved up from president to board chairman. Whiteford shook up Gulf's management, strengthened its domestic and Western Hemisphere holdings, firmly but unofficially took over...
...succeed aging (72) J. (for James) Frank Drake as chairman and chief executive officer of Gulf Oil Corp., President Sidney A. Swensrud, 52, moved up to chairman, while Drake became executive committee chairman. Gulf's new president is William K. Whiteford, 52, who in the early '205 started as a roughneck in the Southern California oilfields, rose rapidly in production jobs with independents, was chairman and president of Canada's British-American Oil Co., Ltd. in 1951 when he quit to join Gulf as executive vice president...
High Stakes. Swensrud, calculating that U.S. oil demand would rise at least 3% a year for the next decade, decided that Gulf's only limit was the amount of new oil that could be found. The company wangled new concessions in Tunisia, Mozambique, launched extensive drilling in Canada's new fields, where Gulf has one of the world's biggest gas fields, in Alberta. He built new refineries in Venezuela and Kuwait, in three years boosted Gulf's Kuwait production from 23 million to 66 million bbls. annually. He boosted Gulf's world output from...
...Iranian, has already lost its great Abadan refinery (see FOREIGN NEWS), and the two are boosting their Kuwait production as rapidly as possible to help meet Europe's oil deficit. Political upheavals are not the only changes. Soaring costs have made the hunt for oil enormously expensive. Recently, Swensrud launched Gulf on the biggest wildcat hunt in the U.S., exploring 800,000 acres leased from the State of Mississippi.* Gulf may well sink millions without result. But Swensrud is not perturbed. Gulf, a pioneer in the science of petroleum geophysics, has helped trim the odds against finding oil from...