246:. On May 27, 1953, Welsh was elected to the board to fill Crane's role as financial expert. On September 6, 1956, he was appointed a vice-president, and the following year he was appointed an executive vice-president. In April 1960, Welch was elected chairman of the board to replace Eugene Holman, who had hit Standard's mandatory retirement age of 65. Welch assumed the office on May 1.
340:. They had one daughter, Gloria Veronica Welch (1939–2003). After Veronica's death in 1970, Welch became companions with Catherine Mary Burdick, whose husband Thomas had died in 1969. In October 1978, Leo and Catherine travelled to Mexico to visit Garrard Wood Glenn, a retired corporate lawyer who had worked at
197:
as the company's treasurer. Dewey rose through the company ranks and was elected a director in 1953, appointed a vice-president in 1956, and executive vice-president in 1957. In April 1960, Welch was elected chairman of the board. He remained the company's chairman until
February 1963, when President
229:
Welch began his career in 1919 with the
National City Bank of New York; he had entered the bank's training program in 1916. In the early 1920s, Welch was sent to work at the bank's Buenos Aires branch. He transferred later to Chile, where he served as a manager and then supervisor until 1934, at
31:
344:, and his wife Avril. On October 28, the quartet was driving from Cuernavaca to Mexico City when their vehicle, driven by Avril Glenn, swerved off the road and hit a gasoline truck. All four were killed in the crash. Welch was buried with his late wife in
253:
as president. Welch assumed the office after the Senate ratified the appointments. He remained with the company until it was running functionally. In July 1965 he announced that he would step down as chairman, and did so on
November 30 of that year.
241:
In
September 1944, Welch left the National City Bank to become treasurer of Standard Oil of New Jersey, replacing Jay E. Crane in the position. Crane was elected to the board that year, and then left in 1953 to become chairman of the
249:
In
February 1963, President John F. Kennedy nominated Welch to become the first chairman of the new Communications Satellite Corporation. The appointment was made concurrently with that of
234:
region branches. During his time in South
America, from 1936 to 1937 he served as president of the U.S. Chamber of Commerce in Argentina, from 1936 to 1940 was a director of the
189:(April 22, 1898 – October 21, 1978) was an American banker and oilman who served as a senior official with several major corporations. Welch began his career in 1919 with the
214:
Leo Dewey Welch was born on April 22, 1898, in
Rochester, New York to William Frederick Welch (1867–1962) and Mary Elizabeth Compton (1867–1946). The Welch family was
507:
512:
238:, and from 1941 to 1943 was president of the Argentine Trade Promotion Corporation. In 1943 he was appointed a vice-president of the bank.
333:
527:
318:
314:
392:
Growth in a
Changing Environment: A History of Standard Oil Company (New Jersey) 1950–1972 and Exxon Corporation 1972–1975
278:
282:
243:
262:
266:
310:
206:). Welch stepped down from the Comsat chair in November 1965, though he remained a director until 1977.
131:
522:
298:
286:
223:
166:
235:
222:
during World War I and graduated
Bachelor of Arts in 1919. During university, Welch served in the
219:
88:
345:
322:
281:
and the
University of Rochester, and a trustee and vice-chairman of the U.S. council of the
502:
497:
270:
257:
Welch served as a director for Scudder Duo-Vest Inc., Scudder Duo-Vest Exchange Fund Inc.,
8:
517:
51:
202:
nominated him to become the first chairman of the Communications Satellite Corporation (
341:
231:
290:
274:
302:
258:
250:
306:
215:
199:
332:
On January 27, 1926, Welch married Veronica Avilla Purviance (1902–1970) at the
294:
491:
154:
297:, Millwood Country Club, Clove Valley Rod & Gun Club, Chevy Chase Club,
326:
337:
194:
69:
190:
30:
73:
230:
which time he returned to Argentina to serve as manager for the
193:
and remained with the bank until 1944. That year, he joined the
203:
77:
412:
John E. Abele, "Jersey Standard shifts top management,"
425:
John W. Finney, "Leo Welch named by Satellite Corp.,"
377:"Banker made treasurer of Standard Oil Company,"
132:Chairman of the Standard Oil Company (New Jersey)
489:
364:"Named a vice-president of National City Bank,"
508:American businesspeople in the oil industry
29:
513:Businesspeople from Rochester, New York
490:
285:. Socially, Welch was a member of the
477:"Leo D. Welch dies in Mexico wreck,"
453:International Businessmen's Who's Who
144:May 1, 1960 – March 31, 1963
321:. Welch was made a Commander of the
319:Confrérie des Chevaliers du Tastevin
13:
279:Committee for Economic Development
14:
539:
438:"Head of Comsat will step down,"
283:International Chamber of Commerce
195:Standard Oil Company (New Jersey)
325:in Chile and a Commander of the
244:Federal Reserve Bank of New York
528:People from Rochester, New York
471:
455:, (Burke's Peerage, 1967), 531.
263:Electric Bond and Share Company
111:
464:"Chile honors Rochester man,"
458:
445:
432:
419:
406:
397:
384:
371:
358:
265:. He was also a member of the
191:National City Bank of New York
1:
351:
267:Council on Foreign Relations
209:
7:
381:, (September 21, 1944), 27.
311:University Club of New York
10:
544:
394:, (McGraw-Hill, 1989), 71.
287:Augusta National Golf Club
224:United States Navy Reserve
481:, (October 25, 1978), B8.
429:, (February 28, 1963), 1.
334:Iglesia María Auxiliadora
236:Central Bank of Argentina
180:
176:
172:
160:
148:
137:
129:
125:
121:
101:Veronica Avilla Purviance
95:
84:
58:
37:
28:
21:
468:, (October 4, 1933), 11.
368:, (August 25, 1943), 27.
261:, Compania Ontario, and
451:"Welch, Leo Dewey," in
416:, (April 29, 1960), 43.
220:University of Rochester
89:University of Rochester
346:Locust Valley Cemetery
442:, (July 8, 1965), 39.
273:, a director of the
271:Pan American Society
342:Lord Day & Lord
277:, a trustee of the
218:. Leo attended the
52:Rochester, New York
167:Monroe J. Rathbone
523:ExxonMobil people
390:Bennett H. Wall,
315:Metropolitan Club
291:Burning Tree Club
275:Commonwealth Fund
184:
183:
535:
482:
475:
469:
462:
456:
449:
443:
436:
430:
423:
417:
410:
404:
401:
395:
388:
382:
375:
369:
362:
303:Piping Rock Club
259:General Dynamics
251:Joseph V. Charyk
163:
151:
142:
115:
113:
65:
62:October 21, 1978
47:
45:
33:
19:
18:
543:
542:
538:
537:
536:
534:
533:
532:
488:
487:
486:
485:
479:Washington Post
476:
472:
463:
459:
450:
446:
437:
433:
424:
420:
411:
407:
402:
398:
389:
385:
376:
372:
363:
359:
354:
307:Theta Delta Chi
232:Río de la Plata
212:
200:John F. Kennedy
187:Leo Dewey Welch
161:
149:
143:
138:
117:
114: 1926)
109:
105:
102:
80:
67:
63:
54:
49:
43:
41:
24:
17:
16:American banker
12:
11:
5:
541:
531:
530:
525:
520:
515:
510:
505:
500:
484:
483:
470:
466:New York Times
457:
444:
440:New York Times
431:
427:New York Times
418:
414:New York Times
405:
403:Wall, 900-902.
396:
383:
379:New York Times
370:
366:New York Times
356:
355:
353:
350:
329:in Argentina.
323:Order of Merit
305:, Creek Club,
295:Maidstone Club
216:Roman Catholic
211:
208:
182:
181:
178:
177:
174:
173:
170:
169:
164:
158:
157:
152:
146:
145:
135:
134:
127:
126:
123:
122:
119:
118:
107:
103:
100:
99:
97:
93:
92:
86:
82:
81:
68:
66:(aged 80)
60:
56:
55:
50:
48:April 22, 1898
39:
35:
34:
26:
25:
22:
15:
9:
6:
4:
3:
2:
540:
529:
526:
524:
521:
519:
516:
514:
511:
509:
506:
504:
501:
499:
496:
495:
493:
480:
474:
467:
461:
454:
448:
441:
435:
428:
422:
415:
409:
400:
393:
387:
380:
374:
367:
361:
357:
349:
347:
343:
339:
335:
330:
328:
324:
320:
316:
312:
308:
304:
300:
296:
292:
288:
284:
280:
276:
272:
268:
264:
260:
255:
252:
247:
245:
239:
237:
233:
227:
225:
221:
217:
207:
205:
201:
196:
192:
188:
179:
175:
171:
168:
165:
159:
156:
155:Eugene Holman
153:
147:
141:
136:
133:
128:
124:
120:
98:
94:
90:
87:
83:
79:
75:
71:
61:
57:
53:
40:
36:
32:
27:
20:
478:
473:
465:
460:
452:
447:
439:
434:
426:
421:
413:
408:
399:
391:
386:
378:
373:
365:
360:
331:
327:Order of May
256:
248:
240:
228:
213:
186:
185:
162:Succeeded by
139:
64:(1978-10-21)
23:Leo D. Welch
503:1978 deaths
498:1898 births
299:Jockey Club
150:Preceded by
91:(A.B. 1919)
518:ExxonMobil
492:Categories
352:References
338:Montevideo
70:Cuernavaca
44:1898-04-22
210:Biography
140:In office
85:Education
269:and the
116:
108:
104:
74:Morelos
317:, and
204:Comsat
96:Spouse
78:Mexico
110:(
106:
130:8th
59:Died
38:Born
336:in
494::
348:.
313:,
309:,
301:,
293:,
289:,
226:.
112:m.
76:,
72:,
46:)
42:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
