Lody died of heart complications on Jan. 25, 2002. He was 87.
After graduating from Sidwell Friends School in DC, at Princeton he majored in economics and joined Dial Lodge. In 1938 he earned an MBA from Harvard. His entire business career was devoted to Woodward & Lothrop, a DC chain of retail stores cofounded by his grandfather. Lody became a director in 1942, was elected executive vice president in 1947, and chair of the board's executive eommittee in 1961. He served as board chair in 1965 and retired in 1978. After he retired he moved to Palm Beach, where he remained until his death. Lody was active in many organizations. He was a director of The Katharine Pollard Maddux Mental Health Foundation in DC. He was a member of the Sons of the American Revolution and The Mayflower Society.
His wife of 60 years, Elizabeth Hall Luttrell, died in 1997. He is survived by a daughter, Petty Wilson, a sister, Nancy Orme, two granddaughters, a grandson, four great-grandchildren, a niece, and two nephews.
The Class of 1936