Daniel P Burnham, 51, was named president and COO of Lexington, MA-based Raytheon Co., a $13.7 billion global technology company. Previously vice chairman of AlliedSignal, Burnham will also, on December 1, succeed as CEO Dennis J. Picard, 65, and will assume the title of chairman within a year after that.
John Calley, 67, has been promoted to chief executive and Howard Stringer, 56, has been named to the new position of chairman of Los Angeles-based Sony Pictures Entertainment, the $4.9 billion media division of electronics company Sony Corp. Calley retains his title of president, while Stringer will retain his titles of president and COO of Sony Corp. of America, chairman of Sony Electronics Inc., and chairman and CEO of Sony Canada.
Edward Carter, 45, was named president and chief executive of New York-based Deutsche Bank Securities Inc., formerly Deutsche Morgan Grenfell Inc. Deutsche Bank has assets of $582 billion. Carter, who will retain his positions as managing director and head of investment banking in the Americas, succeeds Carter McClelland, 52, who has resigned.
James G. (Jim) Fifield, 56, has been appointed president and chief executive of The North Face, Inc., a $208.4 million outdoor apparel and equipment company based in San Leandro, CA. Fifield, formerly president and chief executive of EMI Music, succeeds William N. Simon, 51, who will become vice chairman.
Patrick Gournay was named chief executive of Littlehampton, England-based Body Shop International, a $489 million cosmetics and health care products company. Gournay, previously executive VP of the North and South American divisions of French food firm Groupe Danone, succeeds Anita Roddick, 55, the company’s founder, who is resigning as chief executive to join her husband, T. Gordan Roddick, as co-chair.
William H. Harris Jr., 42, was named president and chief executive and William Campbell, 57, was named chairman of Mountain View, CA-based Intuit, Inc., a $599 million financial software and Web-based services company. Previously executive VP, Harris succeeds Campbell, who, in turn, succeeds company founder Scott D. Cook, 45, who will become chairman of the executive committee of the board. All appointments are effective August 1.
Jerry Levin, 54, was named chief executive and Peter A. Langer-man, 43, was named chairman of Delray Beach, FL-based Sunbeam Corp., a $2.7 billion manufacturer of appliances and household items. Levin, former VP of MacAndrews and Forbes Holdings, and Langerman, who remains COO of Franklin Mutual Advisers, succeed Albert J. Dunlap, 60, who was terminated by the board.
Thomas E W. McKillop, 54, will become chief executive, effective May 1999, of London-based Zeneca Group PLC, an $8.7 billion drug and agrochemicals firm. Formerly chief executive of Zeneca Pharmaceuticals, McKillop succeeds David Barnes, 61, who will become non-executive chairman.
Norman C. Payson, 49, has been named chief executive of Norwalk, CT-based Oxford Health Plans, Inc., a $4.2 billion health care and benefit plans provider. Formerly CEO of Health Source, Payson succeeds Stephen Wiggins, 41, who will continue to serve on Oxford‘s board.
Jeff Sagansky, 46, has been named president and chief executive of West Palm Beach, FL-based Paxson Communications Corp., a $1.5 billion broadcasting and entertainment company. Sagansky, who was most recently co-president of Sony Pictures Entertainment, will replace Lowell “Bud” Paxson, 62, as chief executive and Jim Bocock, 54, as president. Paxson, also founder of Paxson Communications, will remain chairman, while Bocock will take on the new title of co-president and COO.
Jeffrey B. Swartz, 38, has been named president and chief executive of Stratham, NH-based Timberland Co., a $796.5 million footwear, apparel, and accessories company. Formerly executive vice president and COO, Swartz succeeds his father, Sidney Swartz, 62, who remains chairman.
Frederic M. Poses was named president and COO of Morristown, NJ-based AlliedSignal Inc., a $14.5 billion advanced technology and manufacturing company. Poses, 55, was previously vice chairman. AlliedSignal also announced that CEO Lawrence A. Bossidy (see cover story), 63, will retire by April 1, 2000.
Gilbert H. Tausch, 71, has been named interim chairman and chief executive of Cameo International Inc. $914 million oilfield equipment and services company. The appointment of Tausch, who was president and CEO of the company until his retirement in 1993, follows the death of former chairman and CEO Gary Nicholson, 61. Camco’s board has formed a special committee to search for a permanent chief executive.
Frank E. Weise Ill, was named president and chief executive of Toronto-based Cott Corp., a $1.4 billion supplier of retailer branded soft drinks. Weise, previously chairman and chief executive of Confab, assumes the positions formerly held by Gerald N. Pencer, who died on February 3.
Chief Executive’s most recent reading of CEO confidence in future business conditions slipped from 7 out of 10 in October to 6.9 in November. It was a new low for 2018 as business leaders begin to prepare for a possible downturn ahead.