Allen J. Proctor was named executive director of the Police and Firemen's Disability and Pension Fund of Ohio. He replaces Henry Helling, who resigned. Mr. Proctor will have responsibility for the fund's $6.5 billion in assets. He had been vice president for finance at Harvard University, where he oversaw more than $6 billion in investments. He was replaced internally by Elizabeth Huidekoper.
Jeffrey W. States was named chief investment officer for the Sacramento County Employees' Retirement System, Sacramento, Calif. He replaces Christopher Ailman, who left the $2.4 billion fund in December to become chief investment officer of the Washington State Board of Investment. Mr. States was director of investment at the New Mexico Public Employees Retirement System; he has yet to be replaced.
Susan William, formerly director of financial affairs at Webb Institute of Naval Architecture, Glen Cove, N.Y., left to join Dowling College, Oakdale, N.Y., as controller. Webb now is searching for replacement for Ms. William, whose duties included overseeing its $50 million endowment fund.
M. David Testa was named chief investment officer of all investment management activities at T. Rowe Price Associates, a new position. Mr. Testa had been director of the firm's equity division; he will be replaced in that position by Jim Kennedy, who is head of T. Rowe Price's equity research team.
L. Charles "Duke" Meythaler and Leonard J. Oremland were named to two newly created positions at Hartford, Conn.-based Aeltus Investment Management's institutional marketing and sales team.
Mr. Meythaler, managing director-institutional marketing and sales, will be responsible for management of product positioning and product management, sales, distribution, client and consultant relationships and client servicing. He was president of New England Investment Associates, Boston, where his replacement is being sought. Mr. Oremland, vice president-consultant relations, had been director-marketing and client service for Cowen Asset Management, New York. The firm is unsure whether he will be replaced.
Christian A. Felipe was named manager of the MFS Strategic Growth Fund, the newest fund offered by MFS Investment Management, Boston. The fund's objective is capital appreciation and will take large positions in companies Mr. Felipe believes have strong global franchises, significant free cash flow potential and proprietary positions in their respective markets.
Robert Ammann was named lead manager of the Founders Discovery Fund at Founders Asset Management, Denver, replacing David Kern, who left to join Fremont Investment Advisers Inc., San Francisco. Mr. Ammann has been managing the small-cap portion of the Discovery Fund and also was co-portfolio manager of the Founders Special Fund. Co-managers John Jares and Doug Loeffler remain with the Special Fund.
Eli M. Salzmann joined Lord, Abbett & Co., New York, as director of equity research, a new position. He will supervise 14 analysts in the department.
Mr. Salzmann had been vice president securities analyst at Mutual of America Capital, New York, where his replacement is still being sought.
Maureen H. Pettirossi joined Wilke/Thompson Capital Management, Minneapolis, as research analyst for its investment research and portfolio management team, a new position. She had been at Dain Bosworth, Minneapolis, focusing on small-cap growth stock research.
Alison Folino replaced Ms. Pettirossi and also will assume managing director responsibilities. Ms. Folino had been an analyst with Smith Barney, New York.