OTHER NEWS - Dec. 8, 1992
From Times Staff and Wire Reports
J. Peter Grace to Retire: Grace, who has run conglomerate W. R. Grace & Co. for nearly half a century, is undergoing cancer treatment and will step down as chief executive Jan. 1, the company said. Grace, 79, will be succeeded by J. P. Bolduc, who already runs much of the company’s operations as president and chief operating officer. Grace, who has been with the company 57 years, will remain as chairman and as a consultant. Bolduc, 53, was elected the firm’s president and chief operating officer in August, 1990. He joined the company in 1983 as a senior vice president. Grace stock rose $1.25 Monday to close at $39 on the NYSE.
