N e w S h i p b u i l d e r s Council P r e s i d e n t Selected

selected council

Edward J. Campbell, chairman, executive committee of the Shipbuilders Council of America, the national industry association of shipbuilders, ship repairers and ship component manufacturers, has announced selection of M. Lee Rice to succeed Edwin M. Hood as president of the council. Mr. Rice, 58, is president and chief executive officer of Ogden Transportation Corporation, New York, N.Y., subsidiary of Ogden Corporation, and is well-known in the American maritime community. His selection was unanimously approved by the council's executive committee.

In making this announcement, Mr. Campbell, who is also president of Newport News Shipbuilding, said: "The Shipbuilders Council of America is very fortunate to obtain the services of Lee Rice. He is a corporate executive with vast experience in shipbuilding, shipping and ship financing matters as well as in government and public affairs. "Since 1979, he has represented Avondale Shipyards, Inc., a unit of Ogden Transportation, on the council's board of directors. In that capacity, he has taken an active role in pursuing the council's objectives, and has, in fact, been chairman of a subcommittee on future directions.

"Lee Rice knows the ins and outs of the American shipyard environment, as it pertains to both commercial and naval shipbuilding and repairing, and is eminently qualified to serve as president of the council." Mr. Rice has been a senior official, board member and executive committee member of multifaceted Ogden Corporation since 1967. From 1950 to 1967, he was an executive with Atlantic Research Corporation, Alexandria, Va., an advanced technology company, and served as president from 1962 to 1967. He graduated summa cum laude from Western Maryland College, Westminster, Md., in 1948 with a B.A. degree in mathematics and physics.

Mr. Rice will join the Shipbuilders Council as presidentelect on June 1 and will take over full responsibilities when Mr. Hood retires on June 30. Thereafter, 'Mr. Hood will have the title of president emeritus and for a period of one year will undertake special assignments on behalf of the council's board of directors. Mr. Hood is retiring, under the council's policy of mandatory retirement, at age 65, after nearly 24 years' service, almost 22 years as president.

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