Page 4th Cover: of Maritime Reporter Magazine (October 1978)

Chairperson, Member Appointed

To Kings Point Advisory Board

Secretary of Commerce Juanita M. Kreps has appointed Vincent Cannaliato Jr. chair- person, 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 mem- ber 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 execu- tive officer and a director of Farrell Lines

Incorporated, New York, N.Y., was appointed to a three-year term as a board member, re- placing Mr. Heine.

Others currently serving on the seven- member board are Dr. Irene Carswell Peden, professor of electrical engineering at the

University of Washington in Seattle; John

P. Diesel, executive vice president and direc- tor of Tenneco, Inc., and chairman of the board, Newport News Shipbuilding & Dry

Dock Co.; Herbert E. Brand, president, Trans- portation Institute; Peter Fanchi Jr., presi- dent, 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

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Robert J. Blackwell regarding policy and program guidance. The Academy is a four- year accredited institution under the direc- tion of the Maritime Administration, a Com- merce Department agency headed by Mr.

Blackwell.

Vincent Cannaliato Jr. Thomas J. Smith

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 Uni- versity and an M.A. degree from Brooklyn

College, the City University of New York (both in mathematics), and also is a gradu- ate of the Systems Design Graduate Pro- gram, Wharton School of Finance and Com- merce, 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 Joseph- inum College, Columbus, Ohio, and John

Marshall College of Law, Jersey City, N.J. "/'ve OFTEN WONDentD WHY THAT

MS C4UfZ> TH€ 'TZXASVtCK." 18 Maritime Reporter/Engineering News