Monday, May. 19, 1941
New Picture at Kodak
Eastman Kodak Co. broke its tradition of technically trained presidents last week, switched instead to a lawyer: young (49), handsome, Nebraska-born Thomas Jean Hargrave. As vice president and general counsel, Lawyer Hargrave has been known as a shrewd, steady, retiring executive who got along equally well with obscure employes and socialite friends. Rochester guessed two reasons for his promotion: 1) Eastman's new policy of pushing younger men to the top; 2) a decision by Eastman directors that -- in times when war and Government were big factors in corporate affairs -- a lawyer would do better than a technical or production man.
Hargrave's election was Eastman's second big personnel change in seven years.
In 1934 Frank William Lovejoy (who started as superintendent of the film department in 1897) was elected president; William G. Stuber ( hired as a film emulsion expert in 1894) shifted from presidency to chairmanship of the board. Last week Lovejoy, 69, moved on to the board chairmanship; for Stuber, 77, the directors created the new post of honorary chairman.
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