The appointment of M. Lee Rice as president of the Ogden Corporation was announced by Ralph E. Ablon, chairman of the board and chief executive officer. Mr. Ablon has also served as president of the corporation since 1962.
Mr. Rice joined Ogden Corporation in 1967, as senior vice-president, and in May of 1968 was elected to the Ogden board of directors. He has served as a member of the executive committee of the board of directors, and as chairman of the corporation's operations committee.
Mr. Rice holds numerous patents in the fields of advanced technology. He came to Ogden from Atlantic Research Corporation, where he had been president from 1962 to 1967. A graduate of Western Maryland College summa cum laude, he joined Atlantic Research in 1950. He was named director of ARC's Applied Sciences division in 1954, and was elected a vice-president of the firm in 1958.
Chiefly a shipbuilding, metals and metals related company with sales of $398-million in 1962, when Mr. Ablon assumed its leadership as chairman and president, Ogden's base of operations was rapidly expanded and diversified to include foods and food service, technology products, marine terminal operations and engineered transportation services, resources and real estate development.
The company's sales, which reached $815-million in 1967, will approach the $1-billion level for 1968.