Joel Walters, assistant director of the Public Schools Retirement System of Missouri, Jefferson City, replaced M. Steve Yoakum as executive director. Mr. Yoakum is leaving the $14.5 billion fund to join Rockwood Capital Advisers, St. Louis. No decision on Mr. Walters' replacement has been made.
Sue Carson was named manager-trust investments with the Public Service Electric and Gas Co., Newark, N.J. She replaced Earl White, who was hired as director of pension administration at Consolidated Edison, New York, and will oversee the company's $4.7 billion pension plan.
Ms. Carson was director of benefit finance for more than eight years at Bell Communications Research prior to joining PSE&G. Her duties were assumed internally by treasury department staff.
Daniel Perk, executive director of the Chicago Transit Authority Pension Fund, is retiring at the end of May. The $1.5 billion fund has yet to find his replacement, and no timetable has been set.
Robert J. Darretta was named vice president of finance and chief financial officer, and a member of the executive committee of Johnson & Johnson, New Brunswick, N.J. Mr. Darretta succeeded Clark H. Johnson, who died March 13. Mr. Darretta had served as treasurer and a corporate officer of Johnson & Johnson since y 1995.
Donald J. Luscher was named executive director of the Barberton Community Foundation, Barberton, Ohio, a new position. The new $75 million fund, which will be operating by May 1, already has hired six managers. Mr. Luscher comes from the $30 million Chautauqua Region Community Foundation, Jamestown, N.Y., where has yet to be replaced. Florence Cass, director of communications, will be taking over his duties temporarily.
Debra Telley replaced R. Dean Huffman as executive director of the $512 million Ohio State Highway Patrol Retirement System, Columbus. Mr. Huffman is retiring May 1; he will become a legislative liaison consultant to the fund. Ms. Telley was chief budget analyst in the legislative budget office.
Stella Yiu was named chief investment officer of global emerging markets for HSBC Asset Management, New York. Ms. Yiu had been a director and senior fund manager with HSBC in Hong Kong. For the last year, Paul Guidone, chief executive of the money management firm, headed the global emerging markets team.
Anne F. Riney was named chief financial officer of Prudential Investments, Newark, N.J., replacing Mendel Melzer, who had been promoted previously to chief investment officer. Ms. Riney previously was vice president and manager of strategic planning at Salomon Brothers, New York.
Jeffrey P. Davis joined Schooner Asset Management, Boston, as managing director and principal, a new position in the year-old firm. Mr. Davis had been a senior portfolio manager at State Street Global Advisors, Boston, where staff is being added to assume his responsibilities.
F. Mark Turner also joined Schooner as managing director and chief investment officer for the firm's global bond strategy. Mr. Turner had been managing director and senior portfolio manager at CDC Investment Management, New York.
Gary R. Dhein joined Chicago Asset Management as vice president and senior portfolio manager, a new position. Mr. Dhein will oversee fixed-income portfolios and join the firm's investment strategy group. He comes from Bank of America, Chicago, where he was replaced internally as portfolio manager by Timothy J. Allen.
Steven B. Young and Donald D. Ford joined DeMarche Associates Inc., Kansas City, Mo., as consultants.
Mr. Young is a senior vice president and a member of the firm's manager review committee. He had been senior vice president and regional director of portfolio management for Boatmen's Trust, St. Louis, where he was replaced by Timothy G. Michel.
Mr. Ford, a vice president, operated an independent financial and investment consulting firm prior to joining.
Sarah Harper Sparks was named vice president of marketing at Llama Asset Management Co., Fayetteville, Ark., replacing Dana Mallor, who left to accept a marketing position at Riggs Investment Management Co., Washington. Prior to joining Llama, Ms. Sparks was a marketing specialist for Tyson Foods.