Marous to Be Named Westinghouse Chairman : NATION

Westinghouse Electric Corp. said its board of directors plans to elect John C. Marous Jr. chairman and chief executive effective Jan. 1.

Marous, 62, a career Westinghouse executive and president of its industries and international group, will succeed Douglas D. Danforth, 65, who has held the post since 1983 and is scheduled to retire Dec. 31.

Danforth said the board also intends to elect Paul E. Lego, 57, to the posts of president, chief operating officer and director effective Jan. 1. Lego currently is the company’s senior vice president for corporate resources.

Danforth said it is the board’s intention that Lego become chairman and CEO after Marous.

“Making the announcement at this time will facilitate an orderly transition in top management,” Danforth said.

Under Danforth, who has been with the company for 32 years, Westinghouse said its earnings have grown from $2.54 per share to $4.42 per share.