¶ Peter Vincent Moulder, 63. was named president of International Harvester at a special meeting of the directors, replacing John L. McCaffrey, 63, who becomes board chairman but remains as chief exec utive officer. McCaffrey's five-year term coincided with the sharp farm-price drop during which the giant farm-equipment maker's net fell from $63 million in 1951 to $55 million in 1955 while other U.S. corporations were setting earnings records. New President Moulder is an old hand at Harvester; he joined the sales division in 1910, became first chief of the company's motortruck...
To continue reading:
or
Log-In
