Changes of the Week

> Joseph B. Elliott, 50, was elected president of Schick Inc. (electric shavers) of Stamford, Conn. Elliott went to work for RCA in 1935, to Schick in 1944, and back to RCA in 1945, where he had the job of introducing RCA-TV sets. In January he became executive vice-president in charge of consumer products. In going to Schick, he takes over from Kenneth C. Gifford, who continues as chairman.

> Frederick Gardner, 59, was named president of Electric Bond & Share's Ebasco Services Inc., one of the world's biggest designers and builders of utility plants. Gardner began working part-time for Electric Bond as a 25-c--an-hour draftsman. He became vice president in 1945, executive vice president in 1952. T. C. Wescott, 67, moves up from president to vice chairman of the board.

> O. (for Otto) Gressens, 56, was elected president of Peabody Coal Co., the nation's second biggest commercial producer (after Pittsburgh Consolidation Coal Co.). Gressens attended the University of Illinois, remained there to lecture on corporate finance, and in 1926 earned his Ph.D. He joined Illinois' Commonwealth Edison, climbed to comptroller in 1934 and vice president a decade later. In 1951 he joined Peabody, before long was made executive vice president. As the first non-Peabody-family member to become president, he succeeds Stuyvesant Peabody Jr., who becomes board chairman.

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