Lynch Named Successor to Fedders at SEC
Gary Lynch on Monday was appointed director of enforcement at the Securities and Exchange Commission, replacing John Fedders, who resigned amid disclosures that he had abused his wife.
SEC Chairman John S. R. Shad announced the selection of Lynch, who has been an attorney in the commission’s enforcement division since 1976.
Lynch, 34, had been serving as acting head of the enforcement division in the two months since Fedders quit. He had served as associate director of the enforcement division for more than two years under Fedders.
In his letter of resignation, Fedders admitted seven incidents during his 18-year marriage in which disputes with his wife had “resulted in violence.” But he said newspaper accounts had exaggerated the problem.
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Stephen Roberts will depart 20th Century Fox Film Corp. in July after eight years as head of its telecommunications division, which will be divided into a television-syndication division and a pay-television and home-video division.
Jonathan Dolgen, a Fox senior executive vice president, will head the TV-syndication unit. The pay-TV and home-video unit will be under Robert Kreek, senior vice president.
Roberts, who began with Fox 18 years ago, started the telecommunications division in April, 1976, to expand Los Angeles-based Fox’s pay-TV operations. He also is credited with pioneering and developing Fox’s home-video operations.
CalMat Co., Los Angeles, a company formed in June, 1984, by the combination of California Portland Cement Co. and Conrock Co., announced the creation of a properties division headed by Executive Vice President Thomas M. Linden. NATION
Philip Caldwell, former chairman and chief executive of Ford Motor, has been named a senior managing director of the New York investment firm of Shearson Lehman Bros. The 65-year-old Caldwell, who retired from Ford in February, will also serve as chairman of the newly formed policy committee of Shearson’s investment banking group.
The founder and president of WEA International, the international recorded music subsidiary of New York-based Warner Communications, has been promoted to chairman.
Nesuhi Ertegun, who founded WEA in 1970, will additionally share the title of chief executive with Ramon Lopez, previously chairman and chief executive of Polygram’s United Kingdom music and video operations. Lopez also was named vice chairman of WEA.