Monday, Oct. 28, 1957
Changes of the Week
P:Emerson Foote, 50, who resigned nine months ago as executive vice president of McCann-Erickson Inc., the world's second-largest ad agency (first: J. Walter Thompson), returned to advertising as chairman of Manhattan's Geyer Advertising, Inc. Longtime (26 years) topflight Adman Foote, who left McCann-Erickson (TIME, Feb. 18) "to return to the personal practice of advertising," made a "substantial" investment in Geyer, which ranks 38th in ad billing with bookings of $20.5 million. Self-described as "an overgrown account executive and a frustrated copywriter," Foote will get a chance to work both ends of the ad business at Geyer.
P:Leonard David Griffiths, 46, moved up from executive vice president to president of Fanny Farmer Candy Shops, which claims to be the largest U.S. retail manufacturer of candy. He succeeds James Francis Burke, 54, who replaces retiring Chairman John D. Hayes, company cofounder. A family man (four children) who spends his spare time gardening, President Griffiths joined Fanny Farmer in 1936 as an assistant manager, became a vice president in 1947.
P:Frank W. Jenks, 60, became president of International Harvester, succeeding Peter V. Moulder, president since May 1956, who reached Harvester's normal retirement age of 65 this week. Reserved and meticulous, Frank Jenks started with International Harvester as a clerk in Richmond in 1914, won a vice-presidency for his work bolstering time-payment sales to farmers as manager of Harvester's credit bureau, was named executive vice president when President Moulder took over. Jenks, who is also slated to succeed Chairman and Chief Executive John McCaffrey, now past retirement age, faces the task of shoring up International Harvester, whose net income dropped $3,000,000 to $31,347,000 in the first nine months of 1957.
P:John Parnell Kiley, 62, resigned as president and chief executive of the 10,628-mile Milwaukee Road. A hearty, old-style railroader, Kiley went to work full time for the Milwaukee after graduating as a civil engineer in 1914, bulled his way up as everything from rodman on a survey team to auditor of accounts before becoming president in 1950. His probable successor: Vice President and General Counsel William John Quinn, 46, a former FBI man who went to Milwaukee in 1954 after climbing to vice president and general counsel of the Minneapolis, St. Paul & Sault Ste. Marie Railroad. One of Quinn's principal jobs will be to cut costs on the Milwaukee, get the line in shape to appear favorably in merger negotiations with its chief rival, the North Western Railway.
This file is automatically generated by a robot program, so reader's discretion is required.