Monday, Sep. 12, 1955
Changes of the Week
Robert Anderson Magowan, 51, was named to the newly created post of chairman of the board of Safeway Stores, Inc., the nation's second (to A. & P.) largest grocery chain (1954 sales: $1.6 billion).
He will succeed retiring President Lingan A. Warren, 66, as chief executive officer.
A native of Chester, Pa., Magowan started selling handbags at R. H. Macy & Co. after graduating from Harvard, became merchandise manager of inexpensive, ready-to-wear departments at 31. He quit to become a vice president of N. W. Ayer, left the agency to go to Safeway, in which his father-in-law, Charles Merrill, head of Merrill Lynch, Pierce, Fenner & Beane, had bought controlling interest. Magowan became assistant to President Warren after three years. In 1938 he left to join Merrill Lynch, where he directed advertising and sales promotion until he took charge of sales in 1948. Into the post of president of Safeway will go Milton L. Selby, 53, Safeway vice president and treasurer. He will receive no fixed salary, instead get the same percentage of total sales that netted Warren $262,196 last year.
P: James Francis Burke, 53, a shipping clerk for Fanny Farmer Candy Shops in 1923, was elected president last week to succeed Co-Founder John D. Hayes, 71, who will remain as chairman. Burke plans few changes in the Fanny Farmer team he has helped build since he became vice president and assistant to the president in 1938.
P: Admiral Robert Bostwick ("Mick") Carney, 60, who retired last month as Chief of Naval Operations, was elected a director of Fairchild Engine and Airplane Corp. to fill the vacancy caused by the death of Admiral J. H. Towers (TIME, May 9).
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