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Show 7 '! ...... : - "x A. M. WILSON Utah International changes Leaders E. W. Littlefield announced an-nounced this week he will relinquish his position as Chief Executive Officer effective January 1, 1978, while continuing as Utah International's Chairman of the Board. He disclosed that the board of directors has designated the company's President, A. M. Wilson, to succeed him as Chief Executive Officer. Utah International Inc., a diversified mining company which also conducts petroleum, ocean shipping and land development operations, became a wholly-owned subsidiary of General Electric Company on December 20, 1976. During Mr. Littlefield's tenure, the company has experienced dramatic financial growth which can be matched by very few companies. Net income for Utah has grown from less than $5 million in fiscal 1958 to more than $180 million for the year which ended December 31, 1976, a compounded annual growth rate of approximately 20 percent. Both Mr. Littlefield and Mr. Wilson stated that they expect 1977 will be Utah's 13th consecutive year of record earnings. |