¶A. (for Angus) Lightfoot Walker, 47, was elected president and chief executive officer of Rheem Manufacturing Co., maker of steel containers, heating equipment, military aircraft components, etc. (1955 annual sales: $161 million). "Gus" Walker succeeds Richard S. Rheem, who becomes chairman of the board, is first non-family man to be president. Born in Newport, England, Walker was raised in Australia, got an engineering degree at Sydney University. After two jobs as a sales engineer, he joined Rheem in Australia in 1937. Nine years later he was transferred to New York, became executive assistant to the president, later vice president....
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