Monday, Jul. 14, 1958

Changes of the Week

P: Charles Sparks Thomas, 60, bouncy, bottle-bald former Secretary of the Navy (1954-57), was named president of Trans World Airlines, a job that eccentric T.W.A. Owner Howard Hughes has found hard to fill since the death of Ralph S. Damon 2 1/2 years ago. Carter L. Burgess piloted T.W.A. for a year until falling out with Hughes last December; since then, Chairman Warren Lee Pierson has acted as president, and T.W.A., with no firm, clear-cut leadership, lost $14 million in the first five months of 1958. To pull up T.W.A., Hughes picked an old airman. Californian Thomas climbed into the air as a World War I Navy aviator, bossed the big Foreman & Clark men's clothing chain from 1937 to 1953, was G.O P. national finance chairman until he resigned last week. As Navy Secretary, he sped the fleet into the age of seaborne missile armaments and atom power.

P: William Naden, 57, moved up from executive vice president to president of Esso Standard Oil Co., chief domestic marketing and refining arm of Standard Oil Co. (N.J.). He succeeds Stanley C. Hope, 64, president since 1949, who retires. Naden was born at Methuen, Mass., took a chemistry degree at what is now Lowell Technological Institute ('22), joined Esso in 1927, rose to plant superintendent. In World War II, he pushed expansion of refineries in the East, at first for Esso and then for the Government. Naden advanced to general manager of Esso's manufacturing in 1949, a vice president in 1950.

P: Rush H. Kress, 81, ailing brother of the late founder of the 261-store S. H. Kress & Co. five-and-ten chain, was replaced as chairman by New Jersey Construction Executive Paul L. Troast,* a leader in the revolt of Kress Foundation directors that stripped Rush Kress of power (TIME, March 3). Command of the slipping company (sales slid from $176 million in 1952 to $159 million last year) will be shared by Troast, recently named President George L. Cobb and Executive Committee Chairman Frank M. Folsom. Their plan: sell off some of the chain's stores to raise cash for expansion, then lease them back.

P: Executive Vice President Harry Winston Bradbury, 62, a British-born career coalman, was elected president of Pennsylvania's money-losing Glen Alden Corp., biggest U.S. producer of anthracite (1957 sales of $62 million brought a net loss of $3,494,000). He replaces Francis O Case, 63, inactive since April, when Bradbury moved in from the presidency of Lehigh Valley Coal Co. Case had approved of the plan to merge Glen Alden with List Industries, successor to RKO Theaters Corp. and owner of 38 1/2% of Glen Alden stock. But last week the Pennsylvania Supreme Court enjoined the plan because some stockholders objected.

* Who was the Republican candidate for Governor of New Jersey in 1953, lost to Democrat Robert Meyner.

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