¶ After ten years as boss of General Foods Corp., largest U.S. maker of packaged foods (fiscal 1953 sales: $701.1 million), Chairman Clarence Francis, 64, prepared to retire next March by handing over the reins as chief executive officer to Austin Smith Igleheart, 63, who started with General Foods in 1926, when it bought out his family's milling business, has been president since 1943.
¶ Into the presidency of Jerry O'Mahoney, Inc. (diners) went Swedish-born Carl Gunnard Strandlund, 53, whose badly run Lustron Corp. lost $37.5 million in RFC money trying to build...
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