American businessman
Albert L. Nickerson
Born Albert Lindsay Nickerson Jr.
(1911-01-17 ) January 17, 1911Died August 7, 1994(1994-08-07) (aged 83) Education Harvard University (B.S. )Occupation Business executive Title President of Mobil(1955–1958) CEO of Mobil(1958–1961) Chairman and CEO of Mobil (1961–1969) Spouse
Elizabeth Perkins
(
m. 1936)
Children 4 Relatives Albert W. Nickerson (grandfather)In office November 1, 1961 – September 1, 1969Preceded by Fred W. Bartlett Succeeded by Rawleigh Warner Jr. (Chairman and CEO)In office 1958 – September 1, 1969Preceded by Brewster Jennings Succeeded by Rawleigh Warner Jr. (Chairman and CEO) In office 1955 – November 1, 1961Preceded by Brewster Jennings Succeeded by Herbert Willetts
Albert Lindsay Nickerson Jr. (January 17, 1911 – August 7, 1994) was an American business executive. He served as the chairman and CEO of Mobil Oil , and chair of the Federal Reserve Bank of New York from 1969 to 1971.
Biography
Nickerson was born in Dedham, Massachusetts , on January 17, 1911,[ 1] to Albert Lindsay Nickerson and Christine Nickerson (née Atkinson).[ 2] [ 3] [ 4] In 1929, Nickerson graduated from the Noble and Greenough School , the main building of which had been constructed as the residence of his grandfather Albert W. Nickerson .[ 5] [ 3] He graduated from Harvard University in 1933 with a Bachelor of Science degree.[ 2] [ 5]
Business career
Nickerson began working at a Socony (later Mobil ) gasoline station in 1933.[ 6] He became station manager in 1934 and salesman in 1936.[ 3] In 1943, during World War II , Nickerson was the director of the placement bureau of the War Manpower Commission .[ 3]
At Socony, Nickerson eventually rose to become the company's president in 1955, replacing Brewster Jennings .[ 7] He stayed as president until November 1, 1961, when he was succeeded by Herbert Willetts.[ 8] He then served as CEO from 1958 to November 1, 1961, and CEO and chairman from November 1, 1961, to 1969 when the company changed its name to Mobil.[ 3] [ 6] [ 9] [ 8]
Nickerson served as chairman of the Business Council from 1967 to 1968.[ 10] He also served as director of the Federal Reserve Bank of New York from 1961 to 1966 and its chairman from 1969 to 1971.[ 6] Nickerson served on the board of trustees of the Rockefeller University , the Boston Symphony Orchestra , and the American Museum of Natural History .[ 5] He also was on the Harvard Board of Overseers from 1959 to 1965.[ 3] He was also a member of the Council on Foreign Relations .[ 5]
Personal life
Nickerson married Elizabeth Perkins on June 13, 1936; they had four children: Christine, Albert, Elizabeth and Victoria.[ 3] [ 11] Nickerson was awarded the gold medal by the American Petroleum Institute in 1973.[ 12] He was given an honorary Doctor of Law by Hofstra University on June 7, 1964.[ 13] Nickerson died on August 7, 1994, in Cambridge, Massachusetts .[ 6]
References
^ "Draft Registration Card" . Selective Service System . October 1940. Retrieved September 25, 2022 – via fold3.com.
^ a b "Albert L. Nickerson, Ex-Mobil Chief, 83" . The New York Times . August 11, 1994. Retrieved December 2, 2008 .
^ a b c d e f g "Albert L. Nickerson, chairman, CEO of Mobil Corp.; at age 83" . The Boston Globe . August 10, 1984. p. 53. Retrieved February 13, 2021 – via Newspapers.com .
^ "Albert L. Nickerson Dies At Massachusetts Home" . The Boston Globe . May 7, 1932. p. 9. Retrieved February 14, 2021 – via Newspapers.com .
^ a b c d Shapiro, Peter (April 29, 1974). "Who It Is - A.L. Nickerson" . thecrimson.com . Retrieved February 13, 2021 .
^ a b c d "Albert Nickerson" . The Orlando Sentinel . August 11, 1994. p. A-14. Retrieved February 13, 2021 – via Newspapers.com .
^ "Personnel: Changes of the Week, Jul. 11, 1955" . Time . July 11, 1955. Retrieved February 13, 2021 .
^ a b "For Socony Mobil, a New Board Chairman" . The Los Angeles Times . October 30, 1961. Retrieved February 13, 2021 – via Newspapers.com .
^ "People" . American Chemical Society . 39 (46): 110– 117. November 13, 1961. doi :10.1021/cen-v039n046.p110 . Retrieved February 13, 2021 .
^ The Business Council, Official website, Background Archived 2016-03-03 at the Wayback Machine
^ "Wedding Plans" . The Boston Globe . April 30, 1936. p. 7. Retrieved February 14, 2021 – via Newspapers.com .
^ "Albert Nickerson" . The Boston Globe . December 30, 1973. p. 83. Retrieved February 13, 2021 – via Newspapers.com .
^ "Hofstra Graduates Hear Industrialist" . The New York Times . June 8, 1964. Retrieved February 13, 2021 .