Rohr Industries’ Chairman to Resign in January

Rohr Industries announced Monday that chairman and chief executive Harry W. Todd will resign effective Jan. 1. The Rohr board of directors has named Robert H. Goldsmith, Rohr’s president and chief operating officer, to succeed Todd.

Todd, 67, joined Rohr in 1980 as chief operating officer and president. He became chairman and chief executive in 1982. Before joining Rohr, Todd spent 30 years at Rockwell International in management and engineering positions. Todd received engineering degrees from USC. Todd, a Coronado resident, did not disclose his plans after retirement, other than to say he will remain a Rohr director.

As of last October, when Rohr last published proxy materials, Todd owned 102,418 Rohr shares, or less than 1% of those outstanding. His base salary last year was $533,463.

Goldsmith, 59, has been with Rohr since 1984, when he was named senior vice president of operations. He was appointed to Rohr’s board in 1987 and was named president and chief operating officer in February.

Before joining Rohr, Goldsmith spent 25 years with General Electric’s aircraft engine division, lastly as corporate vice president and general manager at the commercial aircraft engine products division.

Goldsmith has an undergraduate engineering degree from University of Buffalo and a graduate business degree from Xavier University. Goldsmith owned 36,400 shares as of last year and was paid a salary of $267,511 in 1988.