U.S. Business: Three at the Top

Three executives of major U.S. corporations were picked last week for bigger roles of command. The men:

> H. I. (for Haakon Ingolf) Romnes, 57, was elected president of American Telephone & Telegraph Co. to succeed retiring Eugene McNeely. Romnes, the Wisconsin-born son of an immigrant Norwegian baker, made his mark at A.T. & T. as an electrical engineer, won six patents in circuit design at Bell Laboratories before moving on to the operating side. As president of Western Electric, A.T. & T.'s manufacturing arm, from 1959 until early this year, he shaved...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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