Changes of the Week

P: General Robert E. Wood, 76, announced that he will resign this month, after 28 years as chairman of Sears, Roebuck's Savings and Profit-Sharing Pension Fund, which under his guidance has grown from $70 million in assets to $860 million. It has helped Sears clerks and truck drivers retire in affluence, holds 25.4% of Sears stock. Two years ago Wood resigned as board chairman, but remains a Sears director, chairman of its finance committee, and a director of half a dozen other companies.

P: Carl Joyce Gilbert, 50, stepped up from vice president to president of Gillette Co., maker of razors, Paper-Mate pens and Toni permanent-wave kits (1955 net earnings: a record $28 million, up 9% from 1954). He succeeds Joseph P. Spang Jr., who becomes board chairman. Gilbert went to the University of Virginia, got a law degree from Harvard in 1931 and joined a Boston law firm, where he stayed until Gillette hired him as treasurer in 1948. He was made a vice president in 1950.

P: James Durfee, 58, chairman of the Wisconsin Public Utilities Commission (salary: $12,500 a year) was nominated by President Eisenhower as chairman of the Civil Aeronautics Board ($15,000, but likely to be boosted to $20,000 by legislation this year). Republican Durfee, almost certain to get Senate approval for the job, will succeed Ross Rizley, who has been appointed a federal judge in Oklahoma. No aviation expert but well-grounded in the legal complexities of transportation, Durfee started as an attorney in Antigo, Wis. in 1927, became a member of the Wisconsin PUC in 1951, chairman two years later. P: Sir Miles Thomas, 59, who resigned as chairman of British Overseas Airways Corp. (TIME, April 2), signed on as a director of Monsanto Chemicals Ltd., British subsidiary of St. Louis' Monsanto Chemical Co. He will become the subsidiary's board chairman July 1, succeeding Edward A. O'Neal Jr., who resigns to give full time to his post as the parent company's international operations vice president.

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