CORRECTION: Orange County Employees' Retirement System's proposed domestic equity structure is intended to have broad market characteristics. Farouki Majeed, investment officer, was quoted incorrectly in the June 16 P&I Daily.
Wayne A. Stork will retire as CEO of Delaware Management Holdings and CEO and CIO of Delaware Investment Advisors at the end of 1999. He will remain chairman of Delaware Management.
Jeffrey Nick will become CEO of Delaware Management Holdings; Mr. Nick now is president of that group and president/CEO of the Delaware Group of funds. Richard Unruh will become chairman and CEO of Delaware Investment Advisors and will continue as CIO of equity; he is currently president.
Executive Vice President Paul Suckow will become president of DIA and will continue as chief investment officer of fixed income.