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New leader for Swig companies.

The Swig Investment Company (SIC), the parent company of Swig Weiler and Dinner Development Company and the Fairmont Hotel Management Company, has named William J. Heron to the posts of general manager and chief executive officer of The Swig Investment Company, and chairman of the board and chief executive officer of Swig Weiler and Dinner Development Company, succeeding Melvin Swig, who died earlier this year.

Heron, 51, joins the privately-held company, from Citibank where he was group executive for Citibank's U.S. consumer business. The appointment concludes a search for a successor begun by Melvin Swig and the SIC Management Committee last year.

As SIC's chief executive officer, Heron is responsible for the company's performance and profitability and represents the interests of the Swig family. He will focus on long-term preservation and growth of the company's capital assets while also directing the company's day-to-day activities. In his post of Swig Weiler and Dinner chairman and CEO, he oversees the management of the company's current portfolio and will be actively participating in the structure of that property group for the future.

During his 24-year career with Citibank, Heron held a variety of general management positions, including Division Executive of the bank's New York Consumer Banking Division, Business Manager of its Card Products Division, and Business Manager for the bank's International Banking Group in Australia. Most recently, as head of the bank's U.S. Consumer Banking Group, he managed the operations of a 600 branch organization with 23,000 staff members nationwide and assets of approximately $42 billion.

A graduate of Yale with a Bachelor's degree in history and zoology, Heron holds an MBA from the Wharton School of the University of Pennsylvania. He is a director of the United Negro College Fund, a trustee of Prep for Prep, an educational program for minority children, and a member of the Advisory Board of Yale School of Management. He and his family will be reloeating to the San Francisco Bay area from New York City.
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Title Annotation:Swig Investment Co. names William J. Heron as general manager and CEO of Swig Investment Co. and CEO of Swig Weiler and Dinner Development Co., replacing Melvin Swig
Publication:Real Estate Weekly
Article Type:Biography
Date:Jul 28, 1993
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