Tenneco Fills The Top Job At J.I. Case
Ending months of speculation, Tenneco named a former Deere & Co. executive to head J. I. Case, its troubled farm- and construction-equipment unit. Robert Carlson will replace James Ashford, who stepped down in March, just before Case reported a $147 million quarterly loss. Carlson, 61, who spent 29 years at Deere, plans to whittle down Case's fat inventories. He'll also have to contend with a shareholder suit that charges that Case inflated sales figures last year. Tenneco had no comment on the suit.