Changes of the Week

P: President Augustus C. Long, 51, was named to succeed Texas Co.'s John Sayles Leach, chairman and chief executive officer, who reaches the mandatory retirement age of 65 in September. Long's successor in the presidency: James W. Foley, 44. Long and Foley, a young top-management team, will captain the third largest U.S. international oil company (behind Standard Oil of N.J. and Gulf in oil reserves and gross income). Chairman-elect Long graduated from Annapolis ('26), joined Texaco after a hitch with the Navy. In World War II he saw Navy duty in London, helped Allied petroleum experts direct the flow of Middle East oil to strategic areas.

P: J. Ward Keener and Arthur Kelly were named executive vice presidents of B.F. Goodrich Co., Akron. The positions were established to groom them as successors to Goodrich Board Chairman and Chief Executive Officer John L. Collyer, and President William S. Richardson, who must retire in 1958 at 65. Alabama-born Ward Keener, 48, made such a reputation as a business administration professor at Ohio Wesleyan University that Goodrich hired him as special analyst in 1937, gradually moved him up to vice president in charge of finance. Kelly went to the company straight from Purdue, has been with Goodrich for 31 of his 53 years. He was elevated from manufacturing vice president and head of the tire division. Goodrich spokesmen are mum on who has the edge for the chairmanship; insiders are betting on Keener, who is the third highest paid Goodrich executive (behind Collyer and Richardson).

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