Complex sentence: This clause allowed him to do so, and in consequence to be elected to the company's board of directors at the 1942 annual shareholders' meeting; he was also appointed the UGG's vice president.
Split into simpler sentences: This clause allowed him to do so, and in consequence to be elected to the company's board of directors. He was so-elected at the 1942 annual shareholders' meeting; he was also appointed the UGG's vice president.