June 29 - Vigdis Finnbogadottir is elected president of Iceland, making her the first woman democratically elected as head of state.

At 44, he has already made a fortune as head of Most Bank.

Having made his money as head of the American Shipbuilding Company, based in Cleveland, he declared, "I'll stick to building ships."

"Dennis has made a very important contribution to our business, both in London and as head of proprietary trading," Mr. Maughan said.

But he did make $14.6 million last year as head of Reebok.

But the Government has just made his job - as head of UN-Habitat, the United Nations agency addressing the crisis - more difficult.

The play was "The Glass Menagerie" - the same play with which she made her directing debut as artistic head of the McCarter.

He did so at the first report he made as head of the Consulate of Commerce, suggesting the creating of schools of agriculture and commerce.

Another Canadian first, the introduction of the forty hour work week was also made during his tenure as head of the Department of Labour.

Mr. Zetsche, 52, made his name as head of the Chrysler division, where he cut the payroll by 40,000 jobs without seriously disrupting the company.