¶ Lewis A. Lapham, 46, son of onetime San Francisco Mayor Roger Lapham (TIME, July 15, 1946), moved up from executive vice president to president of W. R. Grace & Co.'s shipping subsidiary, Grace Line. Lapham succeeds Cassius C. Mallory, 64, who stepped up to the Grace Line board chairmanship vacated by W. R. Grace & Co. President J. Peter Grace Jr. (Grace gave up the title to free himself for the diversified operations of the parent company.) Lapham comes by shipping naturally: his grandfather was co-founder of the American-Hawaiian Steamship Co.,...
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