General Dynamics World, Volume 15, Issue 6, June 1985 Page: 1 of 6
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FIRST CLASS MAIL
U.S. POSTAGE
PAID
ST. LOUIS, MO.
Permit No. 518MR HERBERT F ROGERS
VP - GEN MGR
FORT WORTH DIV
GENERAL DY 'MICS CORP
PO BOX 748
FORT WOR'"H 76101 (1)
Nationwide Reaction
To Pace Appointment
The following excerpts were taken from press accounts
after Chairman David S. Lewis on May 22nd announced
that Stanley C. Pace was named Vice Chairman of the
company:
John Curley in the Wall Street Journal:
"He's a quiet and unassuming guy who immediately
commands respect when he speaks," said J. Robert Kill-
pack, president of Cleveland-based National City Corp.,
of which Mr. Pace is a director.
As chairman of National City's personnel committee,
Mr. Pace helped steer the banking concern toward devel-
oping more managers from within, a change that has
improved morale, Mr. Killpack said.
Mr. Pace's breadth of experience in both military and
commercial operations was an attraction to General
Dynamics' board. The company for years has wanted to
reduce its dependence on Pentagon contracts, which ac-
count for more than 80% of sales and more than 90% of
profit. Mr. Pace's knowledge of both kinds of business
could help that endeavor.
"His background is just about perfect for what we were
looking for," said Lester Crown, a General Dynamics
director and the company's largest holder.
* * *
Julie Lipkin and Steve Fagin in The Day, New London,
Conn.:
Charles B. Allen, TRW's executive vice president and
..i'.' financial officer, de~sribed Pace as "a traditional
kind of guy, with kind of old-fashioned values."
Allen described Pace as "very straightforward - you
always know how he feels about a subject."
At the same time, he said, Pace is "a very human person,
who's very interested in people." When Allen suffered a
heart attack some time ago, Pace called Allen's wife every
day to check on his progress, he said.
Around TRW, Pace is known as "Mr. Cleveland." He is
active in the Boy Scouts, both locally and as a member of
the scouts' national board. He's recent past chairman of
the Greater Cleveland Round Table, a consortium of
public, private and social groups that tackles the city's
social and economic problems. He's a committee chairman
for the Cleveland Foundation, the nation's oldest com-
munity foundation. And last year he served as chairman
of the Cleveland United Way's record-breaking $48 million
campaign.
"He's a disciplined, organized person, but a very warm
and human person, too," said William Hauserman, a
Cleveland businessman who served as chief volunteer offi-
cer in the United Way campaign.
"He acts precisely, and he performs. Once he says he's
going to do something, he does it.
"He's a helluva guy."
(Continued on Page 2)Pace Joins Company. David S. Lewis, Chairman and Chief Executive Officer of General Dynamics (right),
welcomes Stanley C. Pace to the company as Vice Chairman. Pace, who retired as Vice Chairman of TRW Inc.
on May 31st, joined General Dynamics the next day. He will succeed Lewis as Chairman and Chief Executive
Officer on Lewis' retirement, no later than next January 1st.
Stanley C. Pace Is Elected Vice Chairman;
Will Succeed Chairman Lewis by Year-EndStanley C. Pace, former Vice Chairman of TRW Inc.,
has joined General Dynamics as Vice Chairman and will
succeed David S. Lewis when he retires as Chairman and
Chief Executive Officer.
Lewis said no definite date had been set for his retire-
ment but that Pace would take over as Chairman and
CEO no later than Jan. 1, 1986.
Pace joined General Dynamics on June 1st, the day
after he retired from TRW, where he had held increasingly
important positions for the past 31 years. Prior to his
being named Vice Chairman in January 1985, he had
served as President and Chief Operating Officer of TRW
since 1977.
On May 22nd, when he announced that Pace would
join the company, Lewis said:
"I have been planning to retire since the latter part of
1983; however, I have been pleased to have the opportunity
to serve this fine company during an additional period
when General Dynamics has been subjected to extremely
heavy outside pressures. This is a great company, and Mr.
Pace is a fine and proven executive. Over the near term, he
will spend a great deal of time reviewing and improving
our overhead accounting and 'contract charging' practices
which have been the subject of so much adverse publicity
over the past several weeks.
"I am confident that under Stan Pace's leadership, the
men and women of General Dynamics will continue to
serve our country, its allies and our other customers in the
splendid manner they have over the past many years."Pace is well thought of throughout the industry for his
leadership. He has been described as "well-liked and re-
spected" by members of the National Association of
Manufacturers and was elected as Chairman of that orga-
nization last January.
Pace, who joined TRW in 1954, had been a director of
the company since 1965, when he was also elected Execu-
tive Vice President.
A native of Burkesville, Ky., he attended the University
of Kentucky and the U.S. Military Academy, earning a
Bachelor of Science degree from the academy in 1943.
Later, he resumed his studies, earning a Master of Science
degree in Aeronautical Engineering from the California
Institute of Technology in 1949.
During World War II, he served in the European theatre
as a B-24 pilot and flight leader and flew 39 combat
missions. On his last mission in 1944, he was shot down
and spent the next nine months in German hospitals and
prison camps.
After the war, he was stationed at Wright-Patterson
AFB in a series of logistics assignments, culminating with
duty as a deputy chief of the Procurement Division, U.S.
Air Force Materiel Command.
In 1954, Pace joined TRW in Cleveland, Ohio, and was
named Sales Manager and then Division Manager of one
of the company's West Coast operations. The next year he
was appointed manager of the Jet Division in Cleveland.
(Continued on Page 2)Newspaper Editorial Tribute Reviews Career of Chairman David S. Lewis
The St. Louis Globe-Democrat, under the
heading "David S. Lewis'Remarkable Career, "
ran the following editorial on May 24th:
As David S. Lewis, chairman and chief executive officer
of General Dynamics Corp., looks toward retirement by
Jan. 1, 1986, the realization suddenly came of what an
astonishingly productive life he has lived and how much
his presence has meant not only to the 99,000 employees
of General Dynamics but to everyone in the nation.
His record at General Dynamics is the kind of success
story that a company CEO rarely achieves. When Lewis
became top man at General Dynamics in October 1970
after a phenomenal tenure as president and chief operating
officer of McDonnell Douglas Corp., he took over a
troubled company that had suffered a series of disasters in
shipbuilding, missiles, data processing products and com-
mercial aircraft. His stature was so great that the entireheadquarters of General Dynamics moved to St. Louis as
a condition of luring him away from McDonnell Douglas.
Within a short time, the soft-spoken but decisive Lewis
turned General Dynamics around and set it on a course
that has been almost straight up ever since. From those
problem-plagued days, Lewis brought General Dynamics
all the way to the top. In 1984, General Dynamics was the
largest defense contractor in America, producing a number
of the nation's most vital weapons systems, including the
fabulously versatile and successful F-16 fighter aircraft,
which is not only a mainstay of U.S. fighter squadrons but
of tactical air units all over the world; the super-sub of the
Navy's underwater fleet, the Trident ballistic missile sub-
marine; the SSN 688-class fast-attack submarine; the
Tomahawk cruise missile; the Atlas/ Centaur launch vehi-
cle that boosts communications satellites into orbit; an
array of space-oriented and ballistic missile and gun sys-
tem programs, including the Stinger shoulder-fired anti-
aircraft missile, to mention just some of the company'soutstanding contributions to our national defense.
By the way, there has been almost no news on the fact
that General Dynamics under Lewis recently delivered the
sixth Trident submarine, the USS Alabama, ahead of
schedule, and over the past two-and-a-half years has de-
livered 11 Trident and SSN 688 fast-attack submarines
ahead of schedule. Convair's Tomahawk cruise missile has
achieved a 100 percent success rate on all 10 of its test-and-
evaluation flights, and the Atlas Centaur boosted an Intel-
sat V-A communications satellite into a 22,256-mile orbit
in a flawless launch. These are just some of the multitude
of good news stories about General Dynamics that you
haven't heard.
Lewis rose through the ranks through hard work, his
ability to anticipate trends, and his talent for making good
decisions and carrying them out. He joined McDonnell
Aircraft Corp. in St. Louis in 1946 as chief of aerody-
(Continued on Page 2)GENERAL DYNAMICS
Pierre Laclede Center, St. Louis, Missouri 63105
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General Dynamics Corporation. General Dynamics World, Volume 15, Issue 6, June 1985, periodical, June 1985; St. Louis, Missouri. (https://texashistory.unt.edu/ark:/67531/metapth1108855/m1/1/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Lockheed Martin Aeronautics Company, Fort Worth.