Named CEOAt Atasco
Gerald L. Gitner, former president of Texas Air Corp., was named chief executive and vice chairman of Atasco U.S.A., a privately held lessor of aircraft. Mr. Gitner replaces S. Yoran as chief executive, but Mr. Yoran remains as chairman.
Atasco, which also buys, sells and technically modifies passenger and cargo aircraft, has a fleet of seven aircraft including one 727, three 737s and three DC-9s.
Mr. Gitner, who resigned from Texas Air in May, stressed in a telephone interview that there is large potential in this business . . . with newer carriers as well as established carriers.
High prices for popular aircraft such as 727s have made it difficult for companies such as Atasco to acquire used planes at reasonable prices in recent months, but some analysts believe the planned elimination of the investment tax credit for aircraft will bring many new planes onto the market.
Mr. Gitner declined to disclose the companies leasing Atasco planes or the
revenues of the company.
Although Atasco doesn't do any maintenance on the planes it leases, Mr. Gitner said its recent acquisition of maintenance space in Smyrna, Tenn., will give the company the opportunity to branch out into new areas. The company, formed in the early 1970s, can do overhauls and basic maintenance.
Mr. Gitner said he became acquainted with Atasco when he was vice chairman of Pan Am Corp. and Pan American World Airways and Atasco was busy buying some of Pan Am's planes. The 41-year-old executive, who also was co-founder and president of People Express Airlines, began his career in 1968 with TWA, becoming its youngest officer.
MONTANA POWER CO. (Butte, Mont.) - Martin A. White was elected president of Entech Inc., a non-utility subsidiary of this utility.
Arthur K. Neill was named president and chief operating officer of Entech's mining unit, Western Energy Co., a major coal producer. He was its executive vice president and chief operating officer.
Mr. White succeeds Donald K. Percival, who retired. He was Western Energy's chairman, president and chief executive.
Frank V. Woy, executive vice president, finance of the parent, was elected to its board.
BCal Appoints Smith
As Commercial Director
LONDON - British Caledonian Airways named Peter Smith commercial director, responsible for sales, marketing and product planning worldwide. He was director, planning and corporate affairs. He replaces Alan Deller, who resigned.
John Prothero Thomas was named director, planning and corporate affairs, responsible for route, fleet and commercial planning, in addition to public affairs, government affairs and internal relations. Mr. Thomas retains responsibility for projects and quality assurance.
Rod Hoare, head of ground operations and logistics, was named ground operations director, responsible for ground passenger services and aircraft handling at the Gatwick hub, and system control across the route network.
Colin Smith, director of finance and services, resigned because of ill health. Trevor Boud, executive vice chairman, BCal Group and group finance director, will oversee all aspects of BCal financial matters, until a successor for Mr. Smith is appointed.
JOHNSON & HIGGINS (New York) - Edwin B. Barney" Barber joined the Willcox Inc. Reinsurance Intermediaries affiliate of this insurance brokerage as senior vice president. He was vice president at American Re-Insurance Co., a unit of Aetna Life & Casualty Co., which he served for 22 years.
Elects Board Members
HOUSTON - Anadarko Petroleum Corp. elected four new members to the board of this newly independent company, following its spin-off to shareholders of Panhandle Eastern Corp.:
Ronald Brown, who recently resigned as chairman and chief executive of RepublicBank, Houston, and managing director of RepublicBank Corp., Dallas; James L. Bryan, president of Magcobar Group, a unit of Dresser Industries Inc., Houston; Lawrence M. Jones, chairman of the executive committee of Coleman Co., Wichita, Kan.; Charles M. Simmons, recently retired senior vice president and director of Western Co. of North America, Fort Worth, Texas.
Anadarko, founded in 1959 as a subsidiary of Panhandle Eastern, is one of the nation's largest independent oil and gas exploration and production companies. It is active in the United States, Canada and overseas.
MOBIL OIL CORP. (New York) - Joe L. Cooper was named executive vice president, U.S. refining and marketing. He previously was president and chief executive of the Container Corp. of America subsidiary, which was just sold to Jefferson Smurfit Corp. of Ireland and Morgan Stanley Equity Leveraged Fund.
In his new position, Mr. Cooper is responsible for domestic marketing, refining, supply and transportation.
CALUMET INDUSTRIES INC. (Chicago) - Maury K. Rausch was elected senior vice president, planning research and engineering of this producer of naphthenic lubricating oils. He will be headquartered in Chicago. Mr. Rausch was a consultant to Calumet, and concentrated on the heavy hydrotreating project to be installed at its Princeton, La., refinery.