Newspapers / Firestone News (Gastonia, N.C.) / Feb. 15, 1966, edition 1 / Page 1
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Stockholders Elect Fouli* New Directors; Chairman Foresees Increased Sales, Profits STRENGTHEN COMPANY ORGANIZATION—Four new directors, elected as the stockholders increased the number on the board from nine to twelve at their annual meeting, represent a “strengthening and realign ment of executive administration,” according to Raymond C. Firestone, chief executive officer. Seated are Herbert H. Wiedenmann (left) and Louis J. Campbell, and standing are Robert P. Beasley (left) and Robert D. Thomas. The new directors are all vice presidents of the company. TR. P. Beasley, L. J. Campbell, j R.D.Thomas,H.H.Wiedenmann I Named During Annual Meeting The Firestone organization expects to set new records for sales and profits during the current fiscal year, Chairman I Harvey S. Firestone, Jr., said in his address to stockholders at I their annual meeting at the home offices in Akron on January I 29. He also predicted continuous growth for the foreseeable I future in all the widely diversified fields in which the Company I operates. I “It seems apparent that another banner year lies ahead I for our industry,” he said. “For the twelfth consecutive time I we expect to set a record in the shipment of tires from our I worldwide network of plants.” I “The prospects for 1966,” he continued, “seem equally I bright for increased sales of home and auto supplies; and for I our expanded lines of rubber products, plastics, metals, chemi- I cals, synthetics, adhesives and textiles.” I Mr. Firestone pointed out that the Company spent a I record-breaking $126 million for new facilities, additions and I improvements in 1965. He said that additional expansion of I manufacturing facilities throughout the world is planned for I 1966. I At their meeting the stockholders elected four new di- I rectors. Robert P. Beasley, Louis J. Campbell, Robert D. I Thomas and Herbert H. Wiedenmann, all vice presidents of I the company, were elected at the meeting, at which stock- I holders also voted to increase the, number of directors from I nine to twelve. James E. Trainer, a director for twenty-four I years and a former executive vice president, retired. I Directors re-elected were Harvey S. Firestone, Jr., Ray- I mond C. Firestone, Earl B. Hathaway, Elton H. Schulenberg, I Leonard K. Firestone, Roger S. Firestone, George F. Karch I and John F. Floberg. I Speaking of the retirement of Mr. Trainer, Mr. Firestone I said: “Today marks the retirement from our Board of Direc- I tors of James E. Trainer, a man who has made many con- I tributions to the progress of our Company. I “During Mr. Trainer’s twenty-seven years with the I Firestone organization he rose to the position of Executive I Vice President in charge of our worldwide manufacturing I operations. During the second World War Mr. Trainer was the key man in establishing and supervising our numerous defense facilities, notably the Bofors Gun Plant here in Akron. During his service with the Company he has been re sponsible for many of the outstanding improvements which have increased our manufacturing efficiency and kept our Company abreast of the industry.” The complete text of Mr. Firestone’s address to the stock holders at their meeting follows on Page 3. John F. Floberg New Vice President... Board Strengthens, Realigns Executive Administration At a meeting of the board of- ^^J'ectors which followed the ^^riual stockholders’ meeting January 29, the directors ^^-elected Harvey S. Firestone, chairman; Raymond C. ^^estone, chief executive offi- and chairman, executive ^^Himitee; Earl B. Hathaway, ^^esident; Elton H. Schulen- executive vice president; ^ Floberg was elected a president, and re-elected ^cretary and general counsel; ^obert P. Beasley, vice presi- Louis J. Campbell, vice ^!'esident; Robert D. Thomas, president; Herbert H. j^^denmann, vice president; oseph A. Meek, vice presi- and Arthur N. Stuart, president. The board elected Elden H.- Eaton, formerly an assistant treasurer, as treasurer. Reid John F. Floberg ... vice president J. Montgomery was re-elected- assistant treasurer. John G. Stoneburner, formerly an as sistant comptroller, was named comptroller, replacing Lee R. Shannon, who retired. John K. Smucker was re-elected assis tant comptroller; Richard C. Clevenger, formerly manager, general accounting, and Har old J. Brandenburg, formerly treasurer-director of Firestone’s Brentford, Eng land, plant, were named assis tant comptrollers as George T. Bolingbroke retired as an as sistant comptroller. Henry L. Houst, manager, real estate de partment, was named an assis tant secretary; and Stanley M. Clark was re-elected assistant secretary. Election of the four new directors, Messrs. Beasley, Campbell, Thomas and Wie denmann, to the board, accord ing to Raymond C. Firestone, chief executive officer, accom plishes “a strengthening and realignment of executive ad ministration” designed to “in crease the company’s over-all ability to take advantage of the great sales and profit po tential we see ahead.” “By putting this long-range management realignment plan into efifect now, we are not only strengthening the company administratively, but are also creating greater opportunities for those in our company and its divisions and subsidiaries throughout the world,” Mr. Firestone said. (See New Officers, Page 2) Ti mw\ SPECIAL ISSUE FEBRUARY, 1966
Firestone News (Gastonia, N.C.)
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Feb. 15, 1966, edition 1
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