Lieut. General (U.S.A., ret.) Albert Coady Wedemeyer, 58, was elected a vice president and director of Rheem Manufacturing Co. (shipping containers, household appliances, guided-missile components). To take the job, General Wedemeyer resigned as a vice president of Avco Manufacturing Corp. (appliances, electronics and farm equipment), a post he has held since his retirement from the Army in 1951.
Nicos Vernicos, 34, scion of an old Mediterranean shipping family, was named president of Home Lines, one of the world's biggest transatlantic passenger carriers (Italia, Atlantic, Homeric, Roma, Nassau, Homeland). Vernicos was picked and trained for the job by his shrewd bachelor godfather,...
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