Word: mannesmann
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Dates: during 1962-1962
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...administration in 1952, Overbeck stayed on with the company, began to leapfrog up the executive ladder. His big break came in 1956 when he was named chief financial and administrative officer of one of Metallgesell-schaft's major subsidiaries. He was lured away from that post by rival Mannesmann, West Germany's second largest steelmaker (after Krupp), which was searching for a bright young man to preside over its drive for diversification. Scheduled to take over as chief executive of Mannesmann Oct. 1, genial Herr Doktor Overbeck is currently studying the company's operations under the tutelage...