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Story
July 7, 1952
Trainman News
Indianapolis, Marion County, Indiana
What is this article about?
Gustav Metzman resigns as president of New York Central Railroad effective Aug. 1, 1952, becoming chairman; William White from Delaware, Lackawanna & Western succeeds him, while P.M. Shoemaker takes White's former role.
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Metzman Resigns As NYC President
NEW YORK--The Board of Directors of New York Central Railroad Co. has announced the resignation of Gustav Metzman as president of the road, effective Aug. 1, 1952. Mr. Metzman will then assume the position of chairman of the Board of Directors, and on the same date William White, now president of Delaware, Lackawanna & Western Railroad Co. will succeed to the presidency of the New York Central.
Mr. Metzman, under New York Central's retirement policy, will retire as an officer on Dec. 31, 1952, by reason of age. He will continue to serve thereafter as a director and in an advisory capacity.
Mr. White has been president and chief executive officer of the Delaware, Lackawanna & Western Railroad Co. since 1941. He is 55 years of age and has had broad experience in railroad affairs and is well-known in the railroad world. Prior to becoming president of the Lackawanna, Mr. White was vice-president and general manager of Virginian Railway Co. Previous to that he was connected with the Erie Railroad Company for 25 years.
During his entire business career, starting in 1913, he has been continuously associated with the railroad industry.
Vice-President P. M. Shoemaker, of the Delaware, Lackawanna and Western Railroad Co., will succeed to the presidency of that company.
NEW YORK--The Board of Directors of New York Central Railroad Co. has announced the resignation of Gustav Metzman as president of the road, effective Aug. 1, 1952. Mr. Metzman will then assume the position of chairman of the Board of Directors, and on the same date William White, now president of Delaware, Lackawanna & Western Railroad Co. will succeed to the presidency of the New York Central.
Mr. Metzman, under New York Central's retirement policy, will retire as an officer on Dec. 31, 1952, by reason of age. He will continue to serve thereafter as a director and in an advisory capacity.
Mr. White has been president and chief executive officer of the Delaware, Lackawanna & Western Railroad Co. since 1941. He is 55 years of age and has had broad experience in railroad affairs and is well-known in the railroad world. Prior to becoming president of the Lackawanna, Mr. White was vice-president and general manager of Virginian Railway Co. Previous to that he was connected with the Erie Railroad Company for 25 years.
During his entire business career, starting in 1913, he has been continuously associated with the railroad industry.
Vice-President P. M. Shoemaker, of the Delaware, Lackawanna and Western Railroad Co., will succeed to the presidency of that company.
What sub-type of article is it?
Biography
Historical Event
What themes does it cover?
Fortune Reversal
What keywords are associated?
Railroad Resignation
Presidential Appointment
New York Central
Delaware Lackawanna Western
Executive Transition
What entities or persons were involved?
Gustav Metzman
William White
P. M. Shoemaker
Where did it happen?
New York
Story Details
Key Persons
Gustav Metzman
William White
P. M. Shoemaker
Location
New York
Event Date
Aug. 1, 1952
Story Details
Gustav Metzman resigns as president of New York Central Railroad effective Aug. 1, 1952, to become chairman; William White succeeds him from his role at Delaware, Lackawanna & Western; Metzman retires fully Dec. 31, 1952; P. M. Shoemaker becomes president of Delaware, Lackawanna & Western.