Earl White was named director of pension administration for Consolidated Edison of New York, where he will oversee investment management of $7 billion in the company's pension, 401(k) plans, retiree health funds and the nuclear decommissioning trust. He replaces John Bell, assistant treasurer, who retired.
Mr. White had been a manager-trust investments with the Public Service Electric and Gas Co., Newark, N.J., for 23 years. The company is seeking is replacement.
Dean Niedospial was named chief financial officer of the $7.1 billion Public School Teachers' Pension and Retirement Fund of Chicago, a new position. Mr. Niedospial was administrator of the $550 million Chicago Park District pension fund. He has yet to be replaced at the park district.
Joe H. Wright Jr. has taken over management responsibility for the $2.7 billion pension plan and the $4.5 billion 401(k) plan of J.C. Penney Co. Inc., Plano, Texas. Mr. Wright replaced William H. Baxley III, who was named head of risk management activities at J.C. Penney. Mr. Wright has spent the last five years in the J.C. Penney corporate real estate and finance departments.
Stephen J. Meyer was promoted to treasurer of Baxter International Inc., Deerfield, Ill., where he previously was vice president of international finance and operations. In his new position, Mr. Meyer will oversee Baxter's $2 billion in retirement benefit assets.
Mr. Meyer replaces Lawrence Damron, who retired in November, said Deborah Spak, a spokeswoman. She said Mr. Meyer's replacement is Dennis Owczarski, who was corporate treasurer for Caremark International Inc.
Thomas W. Ryan was appointed senior vice president and chief financial officer of Federal-Mogul Corp., Southfield, Mich. He replaces Thomas W. VanHimbergen, who left the company to pursue other opportunities. Mr. Ryan joined Federal-Mogul from Tenneco Automotive, Deerfield, Ill., where he was chief financial officer. He has yet to be replaced.
The $1.2 billion Houston Firemen's Relief and Retirement Fund named Maxie L. Patterson as its new executive director. Mr. Patterson replaces Jennifer Morales, who resigned last year. Mr. Patterson had been serving as deputy assistant director for the city's finance department as well as city treasurer.
A new city treasurer has not been named.
Scott Opsal was named chief investment officer of Invista Capital Management Inc., Des Moines, Iowa. He replaces S. Ralph Kosmicke, who in 1967 founded the equity management group now called Invista and is a unit of the Principal Mutual Life Insurance Co. Mr. Kosmicke will continue at Invista as consulting economist and plans to retire in mid-1998. Mr. Opsal was a vice president managing international equities, a portfolio he will keep.
Robert G. Wade Jr. was appointed to the investment advisory committee of the $55 billion New York State Teachers' Retirement System.
Mr. Wade is the former chairman of Chancellor Capital Management, New York. He replaces George Conklin, whose term expired.
David Simon was appointed to the real estate advisory committee. Mr. Simon is chief executive officer of Simon DeBartolo Group, a public real estate company. He replaces Albert W. Ambs, who died.
Patrick Adams joined Berger Associates, Denver, as a senior vice president and portfolio manager of the $2 billion Berger 100 Fund, replacing the fund's longtime manager, Rodney Linafelter. Mr. Adams also will co-manage the $327 million Berger Growth and Income Fund with Mark McKinney, a Berger senior analyst who was promoted to the co-manager position.
Mr. Adams previously was a portfolio manager at Zurich Kemper Investments, Chicago, where he managed the Kemper Growth and Aggressive Growth Funds. Kurt Stalzer will assume management of the aggressive equity fund; he was hired recently to manage a Kemper small-cap equity fund. Zurich Kemper's chief investment officer, Steven Reynolds, will assume management of the Growth Fund until a replacement is found, said Eileen Davis, a spokeswoman.
Mr. Linafelter also was Berger's chief investment officer, a position that will not be filled, said Sally Carleton, a spokeswoman for Berger.
Keystone Investment Management Co., Boston, named Warren Isabelle chief investment officer of equities, a new position. Mr. Isabelle is the second equity manager to join the Evergreen Keystone family of funds since Keystone was acquired by First Union Corp.
He had been portfolio manager of the Pioneer Capital Growth Fund and a senior member of the nine-member special equities team at The Pioneer Group Inc., Boston. At Pioneer, Mr. Isabelle has been replaced by John Rodman Wright, previously assistant portfolio manager of the fund.
Also, Prescott B. Crocker joined Evergreen Keystone Funds to head the high-yield bond team of Keystone Investment. As senior vice president, his duties will include management of Keystone High Income Bond Fund and Keystone Strategic Income Fund.
Mr. Crocker replaces Richard Cryan, a senior vice president and portfolio manager, who will focus his attention on managing institutional fixed-income separate accounts and high-yield securities.
Mr. Crocker had been president and chief investment officer at Boston Security Counsellors, Boston.
Brian J. Girvan joined Affiliated Managers Group Inc., Boston, as chief financial officer and senior vice president, a new position that includes duties previously shared by several staffers. Mr. Girvan previously was CFO at Fidelity Investments Institutional Services, Boston, where he has not been replaced.
United Asset Management, Boston, promoted Charles H. Salisbury to executive vice president and director of marketing and service strategies to expand its business development support for its 47 affiliates. Mr. Salisbury, formerly a senior vice president, is charged with overseeing UAM's four marketing organizations. He will coordinate expanded marketing efforts for institutional and retail distribution in the United States and abroad.
