Monday, Jul. 27, 1953
Changes of the Week
P: Gordon Dean, 47, who retired as chairman of the Atomic Energy Commission last month, joined Manhattan's investment banking firm, Lehman Bros.
P: Dan A. (for Able) Kimball, 57, who resigned as Secretary of the Navy last January, became president of Aerojet-General Corp., a General Tire & Rubber Co. subsidiary. No stranger to General Tire, Kimball joined the company after World War I, was executive vice president and general manager of Aerojet Engineering Corp. (which merged with Crosley Motors last March to become Aerojet-General) when he left for Washington.
P: John E. Nelson, 50, vice president of J. J. Newberry Co., the fourth largest U.S. chain of variety stores (477 stores in 45 states),* stepped up to the presidency, succeeding E. A. Newberry, 67, brother of Founder and Chairman J. J. Newberry, 75, who became vice chairman and chairman of the executive committee. Nelson got his start in 1921 as a stock boy with Brittan Bros., a Pacific Northwest variety chain later purchased by Newberry.
* First three: F. W. Woolworth, 1,787 stores; S. S. Kresge, 627; W. T. Grant, 491.
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