Arthur MacDougall Wood ’34

Art Wood, class president from 1999 to 2004, who joined Sears, Roebuck and Co. in his native Chicago after World War II and advanced through the ranks to become its chairman and CEO in 1973, died peacefully June 18, 2006. He was 93. He oversaw the completion of the 110-story Sears Tower in downtown Chicago, which, when it opened, was the world's tallest building.

Since his retirement in 1978, MacDougall, as many in the class called him, served as board chairman of the Art Institute of Chicago. For nine years, he was a member of the public oversight board of the executive committee of the Association of Certified Public Accountants (he was chairman in 1983 when he succeeded John J. McCloy). "These two activities," he wrote, "kept me busy and learning."

In 1969 we presented Art with our award for outstanding achievement. In 1976 Princeton presented him with an honorary degree. In 1984 the University dedicated the Arthur Wood '34 Auditorium in McCosh Hall, made possible by a $500,000 gift from Sears in Art's honor.

Surviving are a daughter, Pauline W. Egan; a son, Arthur M. Jr. '72; and seven grandchildren. His wife, Pauline Palmer Wood, died in 1984; a brother, Robert MacPherson Wood '36, died in 1990.