Executives: Changes at Chrysler

Despite a continuing industry-wide fourth-quarter slump, the man in the Chrysler Corp. driver's seat, Lynn Townsend, expects the company's 1966 sales to climb "very close" to $6 billion—an improvement over 1965 by an estimated $700 million. In that optimistic frame of mind, Townsend last week announced that he is moving up from president to chairman and chief policy officer, taking the place of retiring George H. Love, who in his own words has served primarily as Townsend's "father confessor" in recent months.

Chrysler's new president will be Virgil E. Boyd, a Townsend...

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