Complex sentence: Dan O'Conor, son of the inventor, continued as president of Formica Corp. after the acquisition, and was widely regarded as the next Chairman of American Cyanamid.
Split into simpler sentences: Dan O'Conor, son of the inventor, continued as president of Formica Corp. after the acquisition. An able executive, he was widely regarded as heir-apparent to become the next Chairman of American Cyanamid.