Zapata Corporation Announces Senior Management Promotions

Zapata Corporation, Houston, Texas, has announced that Ronald C. Lassiter has been elected president and chief operating officer of the company. The company said that William M. McCune has been named an executive vice president.

Zapata said that its mining, fishing and shipping divisions will report directly to Mr. Lassiter, who most recently served as the company's senior executive vice president- natural resource products.

Mr. McCune, formerly Zapata's senior vice president-construction, will report to Mr. Lassiter, with responsibility for the company's offshore drilling, marine service, and construction operations.

In announcing the promotions, William H. Flynn, Zapata chairman and chief executive officer, said the naming of Mr. Lassiter as president will consolidate the company's businesses under one chief operating officer.

Mr. Lassiter joined Zapata in 1970 as senior vice presidentcorporate development. He was named executive vice president in 1971, and became a director and chief operating officer of the natural resource products group in 1974. A native of Houston, Mr.

Lassiter holds a B.A. degree from Rice University and an MBA degree from Harvard Business School.

Mr. McCune has been associated with Zapata's principal construction subsidiary and its predecessor companies for 30 years.

He has been president of Zapata Constructors, Inc. since 1971, the same year in which he was named a vice president of Zapata Corporation.

Mr. McCune is a native of Los Angeles, Calif.

Zapata Corporation (NYSE) provides diversified natural resource services and products around the world. Its businesses include offshore drilling, marine services, petroleum exploration, bulk shipping; coal and copper mining; menhaden, anchovy and tuna fishing; and construction and dredging.

Maritime Reporter Magazine, page 25, Sep 1978

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