Executives: Moves

In widely different businesses, two major executives last week went over and out:

> Morgan J. Cramer, 59, moved from P. Lorillard Co., where, until six weeks ago, he was chairman, of the international division, to Royal Crown Cola, where he becomes president of its international subsidiary. Cramer's switch from puffs to pop was described as amicable. In his 35-year career with Lorillard, Cramer concentrated on the company's exports, retained his interest in overseas business after he became president in 1961 and chief executive a year later. Lorillard's greatest sales (95%) and biggest headaches, though, are in the domestic field,...

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!