Mark D. Werner replaced Cynthia Steer as head of New York-based Philip Morris Cos.' $6.5 billion pension fund, a company spokesman confirmed. Ms. Steer left the company in late August.
Mr. Werner, who reported to Ms. Steer, still holds the title of director benefit-investments.
James Hacking was named executive director of the $6 billion Illinois State Universities Retirement System, Champaign. Mr. Hacking is the executive director of the nearly $1.1 billion Minneapolis Employees Retirement Fund.
The Minneapolis fund plans to hire a search firm to help it find Mr. Hacking's replacement; no timetable has been set. Mr. Hacking will stay in Minneapolis until he starts his new position in February.
He replaces Robert L. Mandeville, interim executive director.
Kevin P. Heslin was named director of employee benefits and compensation at Cox Enterprises, Atlanta. He succeeds Marybeth Leamer, who was named vice president and head of human resources. Mr. Heslin will retain his current responsibilities as director of pension and qualified benefit plans.
Anthony J. Roscigno, formerly vice president-investment operations of AT&T Investment Management, Berkeley Heights, N.J., joined Landmark Partners, Simsbury, Conn., as vice president. He was investment manager in AT&T's private equity department, where he has not been replaced.
Joseph Carieri, senior investment officer for fixed income with the $18.6 billion Los Angeles County Employees' Retirement Association, is leaving Dec. 31 to join Western Asset Management Co., Pasadena, Calif.. At Western, he'll be senior client servicing executive, a new position. No decision has been made yet on whether the county fund will seek to fill Mr. Carieri's position internally.
Thomas O'Donnell, a former manager in international equities for the $20 billion Virginia Retirement System, Richmond, joined futures manager Chesapeake Capital Corp., also in Richmond, as a vice president in business and product development.
Mr. O'Donnell left VRS in mid-November, and will be replaced, said Nancy Everett, managing director for VRS. Mr. O'Donnell was involved in the oversight of the now-discontinued managed futures program, of which Chesapeake was a manager.
Federated Investors, New York, added two portfolio managers in a continued expansion of its global investment management team.
Tracy Stouffer joined as a vice president and small- to midcapitalization portfolio manager. She was previously a vice president and portfolio manager at Clariden Asset Management, New York; her duties there have been assumed by Sorrel Mathes, president and chief executive officer.
Jolanta Wysocka also was hired as a vice president and portfolio manager; she will be responsible for emerging markets investments. Ms. Wysocka was senior investment officer and emerging markets portfolio manager at Parametric Portfolio Associates, Seattle, where other staffers have assumed her responsibilities.
Douglas S. Rogers joined Heartland Advisors Inc., Milwaukee, as a fixed-income manager, a new position that will bolster Heartland's private account capabilities. He was former co-manager of the U.S. Government Securities fund at Sit Investment Associates Inc., Minneapolis, where he is being replaced by Bryce Doty, former investment officer for MIMLIC Asset Management.