Colt Industries Names J.F. Morgan President Power Systems Div.

Colt Industries has announced the appointment of John F. Morgan as president of the company's Power Systems Division in Beloit, Wis. The announcement was made by Philip Wallach, Colt group vice president.

Mr. Morgan has been vice president- finance for the division since January 1969. In that position, he has been responsible for all divisional finance and accounting.

He went to Beloit from Colt's Crucible Steel Division in Pittsburgh, Pa., where he had been since 1955. He was appointed assistant corporate controller for Crucible in 1968, and prior to that was manager of corporate accounting.

He is a certified public accountant and was previously associated with Haskins and Sells, certified public accountants, also in Pittsburgh, and is a graduate of Robert Morris College.

In making the announcement, Mr. Wallach emphasized the 19 years of experience with Colt Industries that Mr. Morgan brings to his new position. "His lengthy financial management experience and his long personal experience with the Power Systems Division gives him the necessary background to provide the division with effective leadership," Mr. Wallach said.

Maritime Reporter Magazine, page 34,  Jan 15, 1974

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