¶ Fowler B. McConnell, 63. president since 1946 of Sears, Roebuck & Co., the world's No. 1 general store, was named chairman of the board to succeed Theodore V. Houser, 65, who announced his retirement, even though Sears would not require his retirement until age 70. (Said Houser: "I am inaugurating what I hope will become a settled practice for Sears.") McConnell is a University of Chicago graduate who joined Sears as a stock boy in 1916, returned from serving as an infantry captain in France during World War I to become assistant shoe buyer, worked his way through both...
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