Gregor G. Peterson Named President Genstar Pacific Corp.

Genstar Pacific Corporation of San Francisco, Calif., a Genstar Limited company, has announced the appointment of Gregor G.

Peterson as president and chief executive officer of the company. H.D. Edelen, formerly president, now becomes chairman.

Mr. Peterson was president of Sutter Hill Company of Palo Alto, a shopping center and venture capital operation when it was acquired by Genstar Limited in 1970. In 1975, he left the company to join the faculty of the Stanford University Graduate School of Business in Stanford, Calif., and to pursue other business interests.

As president and chief executive officer of Genstar Pacific Corporation, Mr. Peterson will be responsible for the company's financial services operations, which include First American Title Guaranty Company, Oakland; Genstar Pacific Investments, San Francisco; Broadmoor Ventures, Irvine, and Genstar's thrift and loan companies in the Western United States. He will also be responsible for the operations of Sutter Hill Limited of Palo Alto. Mr. Peterson is a director of First American Financial, First American Title Insurance Company, Chelsea Computer Systems, Sierra Chemical Company, Hogan Associates, and SeaTek Corporation. Genstar Limited (NYSE) is a diversified o p e r a t i n g company which manufactures cement, building materials, chemicals and fertilizers, and is engaged in land development, housing, commercial property development and management, construction, tug and barge transportation, shipbuilding and ship repairs, financial services, and venture capital investment.

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