¶ Thomas Elbert Sunderland, 52, vice president and general counsel of Standard Oil Co. (Ind.), was named president and chief executive officer of the trouble-torn United Fruit Co., succeeding Kenneth H. Redmond, 64, retiring after 42 years with the company. Sunderland, who admits he "knows nothing about bananas," is an expert in the antitrust problems that plague United Fruit; under a 1958 antitrust decree, United Fruit must sell off some of its properties, give up 35% of its import business. A Michigan-born lawyer, Sunderland saw World War II service in the Army Air Forces, became a Standard director and...
To continue reading:
or
Log-In
