Changes of the Week

tl George Champion, 52, was named president, and David Rockefeller, 41, vice chairman of Chase Manhattan Bank in a move designed to bring younger men into top posts in New York City's No. i and the nation's No. 2 bank (first: Bank of America). Born in Illinios. Banker Champion graduated from Dartmouth in 1926 (where he played on the undefeated football team that year), spent seven years with various banks until he joined Chase in 1933, stayed on to become senior vice president in charge of the United States Department (lending and deposit relations with banks, other businesses outside Manhattan) in 1949. He succeeds J. Stewart Baker, who continues as chairman of the executive committee and as one of Chase Manhattan's two top executive officers (the other: Chairman John J. Mc-Cloy). David Rockefeller, youngest son of John D. Jr. and nephew of former Chase Chairman Winthrop Aldrich, was born in New York City, educated at Harvard ('36), with postgraduate study at the London School of Economics and a doctorate in economics at the University of Chicago in 1940. After a spell as secretary to New York's rambunctious Mayor Fiorello La Guardia and three years in the Army (private to captain), Rockefeller in 1946 went into the bank (in which his family and the Rockefeller Foundation own roughly 5% of the stock, the largest single block). He was appointed a senior vice president in 1952.

P: Frederick King Weyerhaeuser, 61, was elected president of the Weyerhaeuser Timber Co., largest in the country (2,600,000 acres of timberland, 1955 sales of more than $300 million), succeeding his conservation-minded younger brother J. P. Weyerhaeuser Jr., who died early this month of leukemia (TIME, Dec. 17). Timber King Weyerhaeuser was born in Rock Island, 111., graduated from Yale in 1917, piloted U.S. bombers on the Italian front during World War I. He joined Weyerhaeuser Sales Co. as an Iowa field representative in 1920, has been its president since 1929 and chairman of the present company since 1955.

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