¶ General Robert E. Wood, 76, announced that he will resign this month, after 28 years as chairman of Sears, Roebuck's Savings and Profit-Sharing Pension Fund, which under his guidance has grown from $70 million in assets to $860 million. It has helped Sears clerks and truck drivers retire in affluence, holds 25.4% of Sears stock. Two years ago Wood resigned as board chairman, but remains a Sears director, chairman of its finance committee, and a director of half a dozen other companies.
¶ Carl Joyce Gilbert, 50, stepped up from vice president to president of Gillette Co., maker of razors,...
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