CALIFORNIA - News from July 24, 1985
Russell L. Ray Jr., 50, senior vice president-marketing for Eastern Airlines, on Tuesday was named president of Pacific Southwest Airlines, replacing Paul Barkley, who becomes chairman of both the airline and its holding company, San Diego-based PSA Inc. Barkley retains the titles of president of PSA Inc. and chief executive of the airline and its parent company.
The position of chairman has been vacant since the death of William Shimp in May, 1984.
A Los Angeles native, Ray spent 10 years with Lockheed before joining Eastern in 1971. At the Miami-based carrier, he was responsible for airport operations, advertising, passenger and cargo sales and the carrier’s Latin American operations.
At Eastern, meanwhile, Ray will be replaced by John W. Nelson, currently vice president-sales. A second top executive who also resigned Tuesday, Morton Ehrlich, will be replaced as senior vice president-planning by David B. Kunstler, vice president-corporate development and aircraft sales.
BanCal Tri-State Corp., which was acquired by Mitsubishi Bank Ltd. in early 1984, named Osamu (Sam) Yamada chairman, president and chief executive of the bank holding company and its chief subsidiary, Bank of California.
Yamada succeeds Ross P. Williams Jr., 57, a 19-year bank employee who is taking early retirement “to take care of some family business,” a company spokeswoman said.
Yamada, 55, had served as vice chairman since BanCal was acquired by Mitsubishi for $282 million. He had previously been general manager of the Japanese bank’s international planning division.
Also, William R. Sweet, 48, was named executive vice president with responsibility for urban offices and corporate banking teams. He previously was executive vice president-corporate banking group at San Francisco-based Wells Fargo Bank.
NATION
Central Soya Co., the Fort Wayne, Ind., agribusiness and food-processing firm that was bought earlier this year by members of the Roy E. Disney family, announced a new slate of nine directors, including Roy Disney, Patricia A. Disney and Stanley P. Gold, president of Shamrock Holdings Inc., the Disney-owned company that bought Central Soya.
