Changes of the Week

P: Robert S. McNamara, 40, one of the youthful "whiz kids" brought in from the Air Forces after World War II to streamline Ford Motor Co. financial management, became the No. 4 man in the huge Ford empire. McNamara was named group vice president in charge of all car and truck divisions, succeeding ailing Executive Vice President Lewis D. Crusoe, 62, who retired. McNamara, who has been vice president and general manager of the Ford Division since 1955, will rank after Board Chairman Ernest Breech, 60, President Henry Ford II and Del Harder, 65, executive vice president for basic manufacturing, is in line to be No. 1 man under President Ford when the other two retire.

A product of the Harvard Business School, McNamara first worked for Price, Waterhouse & Co., became an assistant professor of business administration at Harvard, then joined the Army Air Forces where he was a lieutenant colonel in charge of statistical control at Wright-Patterson field when Ford hired him in 1946 to work in the financial analysis office, promoted him to comptroller in 1949.

P:Frederick Marcus Farwell, 50, resigned as president and chief executive officer of ailing (first-quarter deficit: $624,978) typewriter-maker Underwood Corp., moved on to a new job as an executive vice president of International Telephone & Telegraph Corp. Chicago-born, Yale-educated ('28) Farwell was an executive at International Business Machines and waxmaker S. C. Johnson & Son before taking over Underwood's presidency in 1955 with the job of reorganizing the company from top to bottom. When the company continued to lose money and Underwood's board of directors turned down a proposed merger with National Cash Register Co., President Farwell had no choice but to resign. Replacing him is another Yaleman ('33), Vice President for Finance Frank E. Beane, 44, who will take over as Underwood's chairman (previously vacant) and chief executive officer.

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