Page 42: of Maritime Reporter Magazine (June 1973)

Babcock & Wilcox

Elects George Zipf

Board Chairman

George G. Zipf, president and chief executive officer of The Bab- cock & Wilcox Company, has been elected to the additional position of chairman of the board.

Mr. Zipf succeeds M. Nielsen, who had served as chairman since 1965 and as chief executive officer of B&W in the period 1957-68. Mr.

Nielsen will continue as a director of the company.

In addition, Raymond J. Cant- well, vice president-finance and ac- counting and a director, was elect- ed senior vice president.

In this position, Mr. Cantwell will continue as head of the finance and accounting division and also continue to direct the management information service and data pro- cessing functions. In addition, op- erations research, which has been a part of the research and develop- ment division, is transferred to the corporate level and placed under

Mr. Cantwell's direction.

Mr. Zipf became president of

B&W in 1967 and chief executive in 1968. He joined the company in 1942 as a student engineer, follow- ing his graduation from Lehigh

University with a degree in metal- lurgical engineering.

He was named general manager of the tubular products division in 1963, elected a vice president of the company in April 1964, and a di-

Serving the

Gulf Coast

Since 1880

BAY-HOUSTON

TOWING CO.

HOUSTON • GALVESTON

TEXAS CITY • FREEPORT . CORPUS CHRISTI 805 World Trade Building Houston, Texas

BUILDING A NEW BOAT ? caM MfltttfoR first-

Matton Shipyard Company, Inc. offers complete facilities for all new construction of vessels up to 200 feet in length. • Repairs • Conversions • Overhaul

For your next new vessel or repair job . . . call

Matton first.

MATTON SHIPYARD COMPANY INC.

P. 0. Box 428, Cohoes, New York 12047

Tel: 518 CE 7-3911

Wiley can teach an old scow new tricks.

Wiley can handle your conversion problems on dump scows, barges and self-propelled vessels.

Wiley c/o Equipment Systems, Inc.

P.O. Box 95

Port Deposit, Maryland 21904

A Microdot Company rector in December of the same year. In 1966, he -moved to corpor- ate headquarters in New York as executive vice president and be- came president in December 1967.

The following September, he was elected chief executive officer.

George G. Zipf

Mr. Cantwell joined the com- pany in 1946 as a member of the comptroller's staff and served suc- cessively as comptroller and vice president and chief financial officer.

He was elected a director of the company in 1966. He holds a B.B.A. degree from Manhattan College and an M.S. degree from Columbia

University School of Business.

Bankers Trust Names

Soifer For Maritime

Lease Financing

Raphael Soifer, Special Assistant to the Assistant Secretary of Com- merce for Maritime Affairs, has joined Bankers Trust Company,

New York, N.Y., as a vice presi- dent. His principal responsibility will be the bank's domestic and in- ternational maritime lease financ- ing business.

Mr. Soifer joined the Commerce

Department in 1970. As the De- partment's ship financing specialist, he played a key role in drafting the

Federal Ship Financing Act of 1972, as well as the ship leasing provi- sions of the Revenue Act of 1971.

He also participated in the imple- mentation of the Merchant Marine

Act of 1970, particularly the provi- sions dealing with the Act's Capital

Construction Fund.

A 1963 graduate of Massachu- setts Institute of Technology, where he earned a degree in elec- trical engineering, Mr. Soifer was graduated from the Harvard Busi- ness School in 1965. He was elect- ed a George F. Baker Scholar at

Harvard, having graduated in the top 'five percent of his class. He re- mained at Harvard for two years of study in Government-business relations under a Ford Foundation

Fellowship.

Mr. Soifer was assistant to the chairman of John Diebold, Inc. from 1967 to 1969, and was with

Hayden Stone, Inc., before going to Washington.

He is a member of the Financial

Management Association, the Har- vard Business School Association, the Harvard Club, and the MIT

Club.

Mr. Soifer has also been elected a vice president of BT Leasing

Services, Inc., Bankers Trust Com- pany's affiliate for lease financing and syndication. 44 Maritime Reporter/Engineering News