Changes of the Week

P:Henry Clay Alexander, 53, moved from the presidency to the chairmanship of J. P. Morgan & Co., Inc., but kept the post of chief executive officer of the bank. He was succeeded as president by Henry P. Davison, 57, formerly a senior vice president, while Thomas S. Lament, 56, also a former senior vice president, moved up to vice chairman. Simultaneously, four older leading officers withdrew from board posts but will stay on at famed "23 Wall" as directors and members of the executive committee. They are George Whitney, 70, former chairman; Russell C. Leffingwell, 77, and Arthur M. Anderson, 75, former vice chairmen; Junius S. Morgan, 63, grandson of the founder and a former vice president.

P:Henry Hale Rand, 46, became president of International Shoe Co. of St. Louis, largest U.S. shoe manufacturer, succeeding his late brother, Edgar E. Rand. The third son of Frank Rand, one of the com pany founders, President Rand got a B.A. in economics at Vanderbilt University in 1929, joined the family firm as a laborer in a leather warehouse. 16 years later was elected a director. In 1948 he became vice president in charge of merchandising and production.

P:Arthur S. Genet, 46, a railroader, was named president of Greyhound Corp., biggest U.S. bus company. He will succeed Orville Swan Caesar, president since 1946, who will move up to board chairman. Genet, whom Caesar hails as a "wizard in the field of traffic promotion," was born in Manhattan, became controller of New York's Central Coal Co. Inc. at the age of 30. He began his railroading career in 1943 as an officer of National Carloading Corp., became its president (at 35) a year later. In 1946 he became assistant vice president of the Chesapeake & Ohio Railway, a year later vice president in charge of freight traffic.

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