Last week Edward F. Hutton, uncle of Countess Barbara Hutton Mdivani Haugwitz-Reventlow, resigned as board chairman of General Foods Corp.* Of three possible reasons for his retirement only one was given in the official explanation: ill health. Still living quietly on his 16,000-acre South Carolina shooting preserve, Mr. Hutton intended to resign, said the directors, "when the evidence was sufficiently clear that the Depression was subsiding." Smart Executive Vice President Clarence Francis was upped one notch, and President Colby M. Chester was made board chairman and chief executive officer.
Mr. Hutton remained...
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