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AMC's Tippett to Resign but Stay Chairman

April 25, 1985

American Motors Chairman Paul Tippett announced Wednesday that, as part of a corporate cost-cutting plan, he would keep his title but resign as a company employee. The unusual arrangement makes him, in effect, an outside director.

The move, effective April 30, further strengthens the office of AMC President Jose Dedeurwaerder, a former officer of Renault, the money-losing French auto maker that owns 46% of AMC's stock. Tippett relinquished the chief executive title to Dedeurwaerder last fall.

"I believe this action is consistent with the other actions that will be taking place in the company," he said. The decision was his, not Renault's, Tippett said.

Dedeurwaerder announced that Southfield, Mich.-based AMC would begin laying off white-collar employees "in early June," in line with previously announced plans to cut internal budgets by 25%.

AMC posted a $29-million first-quarter loss amid a serious slippage in car sales.


Howard Kosh was named executive vice president and general manager for Univance, Century City, an employment-outplacement consulting firm.

Joseph P. Gibbs was named president of Eaton Corp.'s electronic instrumentation division, based in Los Angeles.

Waiva H. Micheletti was elected president of the Malibu Chamber of Commerce.


Robert Siegel was named president of the newly formed designer group of Battery Street Enterprises, a unit of San Francisco-based Levi Strauss & Co.

Bob Bradley was named general manager of KTIE-TV, a new UHF television station in Ventura County.

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