Chairperson, Member Appointed To Kings Point Advisory Board

Secretary of Commerce Juanita M. Kreps has appointed Vincent Cannaliato Jr. chairperson, and Thomas J. Smith a member of the Advisory Board to the United States Merchant Marine Academy at Kings Point, N.Y.

Mr. Cannaliato, vice president, corporate finance department, Kidder, Peabody & Co., Inc., New York, N.Y., has served as a member of the Kings Point Advisory Board since March 1974. He succeeds Edward Heine Jr., president, United States Lines, who had chaired the board since 1974.

Mr. Smith, who is president, chief executive officer and a director of Farrell Lines Incorporated, New York, N.Y., was appointed to a three-year term as a board member, replacing Mr. Heine.

Others currently serving on the sevenmember board are Dr. Irene Carswell Peden, professor of electrical engineering at the University of Washington in Seattle; John P. Diesel, executive vice president and director of Tenneco, Inc., and chairman of the board, Newport News Shipbuilding & Dry Dock Co.; Herbert E. Brand, president, Transportation Institute; Peter Fanchi Jr., president, Federal Barge Lines; and Joe Scroggins Jr., economist, Vessel Trading and Traffic Division, Continental Oil Co.

The objective of the board is to examine the course of instruction and management of the Academy, and advise the Assistant Secretary of Commerce for Maritime Affairs Robert J. Blackwell regarding policy and program guidance. The Academy is a fouryear accredited institution under the direction of the Maritime Administration, a Commerce Department agency headed by Mr.


Mr. Cannaliato, a native of Brooklyn, N.Y., and resident of Wyckoff, N.J., joined Kidder, Peabody in 1972 as associate vice president, corporate finance department, specializing in leasing and project financing. He served as a U.S. Army officer in Vietnam, where he received the Bronze Star and other citations.

He holds a B.S. degree from Fordham University and an M.A. degree from Brooklyn College, the City University of New York (both in mathematics), and also is a graduate of the Systems Design Graduate Program, Wharton School of Finance and Commerce, University of Pennsylvania.

Mr. Smith entered the steamship industry as a member of the Clerks and Checkers Local of the International Longshoremen's Association. Employed by Farrell Lines as pier superintendent in 1942, Mr. Smith served in a number of capacities, including executive vice president, before becoming president and a member of the steamship company's executive committee in 1968. He was appointed chief executive officer in 1970.

A native of Pittston, Pa., and a resident of Oradell, N.J., Mr. Smith attended Josephinum College, Columbus, Ohio, and John Marshall College of Law, Jersey City, N.J.

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