Monday, Jul. 09, 1934
Personnel
Kuhn, Loeb Partner George Wallace Bovenizer was elected president of the Investment Bankers Association to fill out the unexpired term of Robert E. Christie Jr. who died while in an airplane flight to Chicago fortnight ago. Ireland-born, Manhattan-educated, Mr. Bovenizer started with Kuhn, Loeb as an office boy in 1897. Big, genial, approachable, he was elected a partner 30 years later, is immensely popular as manager of Kuhn, Loeb's bond and syndicate department.
James S. Knowlson, elected last April to the executive committee of Stewart-Warner Corp., was made chairman of the board of directors, succeeding the late Robert J. Graham. Onetime official of General Electric Co.. now president of Chicago's Speedway Manufacturing Co.. Chairman Knowlson went on Stewart-Warner's board of directors after the com pany was forced to clean house by the accusations of its fourth largest stockholder and most famed inventor, Oscar Ulysses Zerk (TIME, March 19).
Energetic Matthew Scott ("Matt") Sloan, who resigned as president of New York Edison Co. in 1932. was an executive without a major executive post until he was elected chairman of Missouri-Kansas-Texas Railway last April. No railroad man, he spent two months inspecting nearly every mile of Katy's 4,956-mile system, meeting division agents, studying freight problems. Last week Katy gave "Matt" Sloan the post of president in ad dition to his chairmanship. The presidency has been vacant since the resignation last April of Michael Harrison Cahill.
Roy K. Ferguson, longtime vice president, was elected president of St. Regis Paper Co., succeeding Floyd L. Carlisle, New York power tycoon, who became chairman of the board of directors. In 1931 St. Regis Paper exchanged its extensive stock holdings in Floyd Carlisle's Niagara Hudson Power Corp. for 2,170,000 shares of United Corp., still holds 10% of United Corp.'s stock.
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