Unlike the major management shuffle at General Motors, the changes announced last week by Radio Corporation of America merely confirmed a long-predicted move. Executive Committee Chairman Elmer W. Engstrom will turn over to President Robert W. Sarnoff, 49, the title of chief executive officer, which Engstrom has held for 22 months. The switch, which will become effective New Year's Day, was disclosed well ahead of time to facilitate "an orderly transition of duties."
Engstrom, 66, who reached the executive roster by way of the $2.5 billion corporation's research labs, is not retiring. He still has three years remaining on...
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