¶Logan Truax Johnston, 60, was elected president and chief executive officer of Armco Steel Corp., succeeding Ralph Larrabee Gray, 65, who will become chairman. Pittsburgh-born Logan Johnston started in the steel industry in 1925 as a salesman for Columbia Steel Co. of Butler, Pa., joined Armco in 1927 when Columbia was merged with it, has made a career selling steel. He was named Armco's general manager of sales in 1947, a vice president in 1952 and executive vice president in 1958. As president, Johnston is expected to press product variety, which has...
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