PERSONNEL: To the Top

Some new faces appeared at the top of the managerial ladder last week:

PERCY J. EBBOTT, 61, became president of Manhattan's Chase National Bank, third largest in the U.S.* He will share the chief executive duties with Board Chairman Winthrop W. Aldrich. Ebbott's predecessor, Arthur W. McCain, became vice chairman. A ruddy-faced, friendly Midwesterner, born in Fort Atkinson, Wis., Ebbott worked at sales and manufacturing before entering banking, has been a Chase vice president since 1930.

PERCY CRAIG SPENCER, 55, a lawyer turned oil executive, took over the presidency of Sinclair Oil Corp., succeeding aging (72) Founder Harry F. Sinclair, who was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!