Richard A. Goglia was named vice president and treasurer of Raytheon Co., Lexington, Mass. He will manage the company's treasury organization, which includes pension management, corporate finance, sales finance and cash management, and will be responsible for managing Raytheon's investments in both its defined benefit and 401(k) plans.
Mr. Goglia replaces Herbert Deitcher, who died in September. Mr. Goglia joined Raytheon in 1997 as director, international finance.
Paula Chester was named director of private equity for the $104 billion New York State Common Retirement Fund, Albany, said H. Carl McCall, state comptroller and sole trustee of the fund.
She will oversee a portfolio of nearly $8 billion in alternative investments, including buyout and venture funds and opportunistic real estate.
Ms. Chester previously was chief counsel for the comptroller's office. She will be replaced by Randolph F. Treece, who is first capital defender in the Capital Defender Office.
Alwyn E. Wolfarth will retire as assistant treasurer and director, pension asset management, at Monsanto Co., St. Louis. He will be replaced by Gary Stentz, director, pension asset operations, although his exact title hasn't been determined yet.
Mr. Wolfarth, who has been involved with managing Monsanto's fund for more than 20 years, said he will continue to work in the investment management industry as a consultant after his retirement.
Mr. Stentz said he plans on reviewing Monsanto's pension operation when he takes over in March, but couldn't say if changes will occur.
Monsanto manages $1.5 billion in U.S. defined benefit assets, $2.3 billion in U.S. defined contribution assets, and about $700 million in non-U.S. pension assets.
Bernard C. Knobbe joined Andersen Consulting, Chicago, in the new position of senior manager, employee benefits.
Mr. Knobbe will be involved in all benefit plans, including the defined benefit and defined contribution plans, the sizes of which he would not reveal.
Separate data are not available because the split of Andersen Consulting from parent company Arthur Andersen Worldwide is still in arbitration.
Mr. Knobbe previously was at Morton International Inc., Chicago, where he was director of employee benefits and corporate staff human resources. He has not been replaced at Morton, which has $625 million in its defined benefit plan and $340 million in its defined contribution plan, according to the 1999 Money Market Directory.
Ariel Kuperminc was promoted to the new position of manager, financial risk and pension analysis, for Reynolds Metal Co., Richmond, Va.
He replaces Richard Turochy, who retired as director of pension and savings.
Mr. Kuperminc previously was a business analyst for the $2.1 billion defined benefit plan. His position remains vacant.
Mike Kimps was appointed manager of finance for Kimberly-Clark Corp., Dallas. He replaces A.J. Sinha, who left at the end of 1998, according to a source close to the company. A company spokeswoman declined to confirm Mr. Kimps' title, citing company policy.