Monday, Dec. 26, 1960
Changes of the Week
P:Thomas G. Lanphier Jr., 45, onetime vice president of General Dynamics' Convair Division, was named president of Fairbanks, Morse & Co., a subsidiary of the Fairbanks Whitney Corp. A World War II fighter pilot (his bag: 15 Japanese aircraft, including one bearing Admiral Isoroku Yamamoto), Lanphier joined Convair in 1954, became key man in long-range planning for Convair's Atlas missile program. But his blunt criticism of the Administration's defense effort and sharp attacks on rival missilemakers provoked General Dynamics Chairman Frank Pace to ease him out. On his own, Lanphier stumped the country, pleading for increased spending for missiles, decided to work outside the defense field, took a job as vice president for planning at Fairbanks Whitney, which does only 5% of its business with the Government and which has been in the process of reorganization ever since the Morse family was forced out in a proxy fight two years ago.*
P:Henry Ford II, 43, chairman and chief executive officer of the Ford Motor Co., reassumed the post of president vacated by Robert S. McNamara, who resigned to become Defense Secretary (see NATIONAL AFFAIRS). Ford is filling the post only temporarily, touching off a guessing game as to who will be the next president. Among the most likely candidates: John Bugas, 52, vice president of Ford's international group; James O. Wright, 48, chief of Ford's car-and-truck division (McNamara's job before he became president).
* President Robert Morse went to Canada to salvage all that was left of the family holdings, the Canadian Fairbanks-Morse Co., Ltd., has turned it into a thriving, diversified manufacturing outfit and has asked to become a Canadian citizen.
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