Fernstrom Elected President And CEO Of American Ship Building

H. Allen Fernstrom was elected president and chief executive officer of The American Ship Building Company according to a recent announcement by George M. Steinbrenner, chairman of the board.

He succeeds George A. Chandler, who is leaving to become president and chief executive officer of Aqua- Chem, Inc. of Milwaukee, Wise. Mr. Fernstrom, who will assume his new duties immediately, most recently served as executive vice president, chief operating officer and director of The American Ship Building Company. Under his guidance, the company was successful in the T-5 program which involved building five vessels for Ocean Products Tankers, Inc. for ultimate charter to the Military Sealift Command of the U.S. Navy.

Philip A. McNiff has been elected executive vice president of the company replacing Mr. Fernstrom. Mr. McNiff most recently served as vice president of administration. The American Ship Building Company is a major independent ship construction, conversion, and repair firm. It is one of the largest ship repair and construction facilities in Florida, and one of the major builders of barges on the inland waterways.

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