Monday, Sep. 05, 1955
Changes of the Week
-- Gale Benton Aydelott, 41, was named executive vice president of the Denver & Rio Grande Railroad (his predecessor was Alfred Perlman, who moved on 18 months ago to become president of Robert R. Young's New York Central). Son of a railroadman and educated at the University of Illinois, Aydelott highballed up through the ranks from laborer to gang foreman and track inspector, became trainmaster in 1943 and general manager last year.
-- Mark Winfield Cresap, 45, became executive vice president and heir presumptive at Westinghouse four years after he first went to work for the company. President Gwilym A. Price, the man who hired him, continues to hold on to the top spot for the present, but indicated the shape of things to come by also stepping into the post of board chairman, vacant since 1951. Cresap, a Harvard Business School graduate (by way of Williams College), was helping boss his own Chicago-New York management-advisory firm when Gwilym Price dropped in to ask for a survey of Westinghouse's efficiency. Cresap's report was such a hit that the company promptly reorganized and hired Cresap as a vice president. Now Cresap has his new task all cut out: catch up to competitors who boomed to new peaks during 1955's first half, while Westinghouse's sales and profit declined.
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