Michael Stavar joined Allegheny Teledyne Inc., Pittsburgh, as assistant treasurer and head of pension and savings fund investments, a new position. Allegheny has about $2.4 billion in pension assets and $600 million in its savings plan. The funds had been managed by Robert Park, vice president and treasurer. Mr. Stavar joined Allegheny from Mellon Bank.
Eric W. Sherman was named executive director for the Health Services Retirement Plan, New York. He will oversee the plan's $345 million in assets. He had been senior benefits administrator for Marsh & McLennan's plan, where he has not been replaced. He replaces Elenita Bader, who was named director of benefits for the University of Pennsylvania's pension plan in December