Abbott Davis, who oversaw the $7 billion real estate portfolio at New York State Teachers' Retirement System, Albany, retired after five and a half years at the $80 billion system.
Mr. Davis is succeeded by Jim Campbell, who runs the real estate equity investment portfolio. Mr. Davis plans to open a new consulting business. He also hopes to become a director on the boards of some REITs.
The California Public Employees' Retirement System, Sacramento, re-elected Charles Valdes chairman of the investment committee and William Crist vice chairman of the $151 billion fund.
James Harrington was named director of corporate finance at Crown, Cork & Seal Co. Inc., Philadelphia.
He replaces Peter Marks, who resigned to pursue other opportunities. Mr. Harrington's new duties will include managing the $3.3 billion defined benefit plan.
Mr. Harrington previously was director of risk management and pension investments for US Airways, Arlington, Va., where his position remains vacant.
Durward Wildman, president of Adventist HealthCare Retirement Plan, Oak Brook, Ill., will retire June 4.
Bill Easterbrook, vice president, will replace Mr. Wildman in overseeing the $500 million defined contribution plan.
The office also will move in June to Roseville, Calif., to be closer to the organization's chairman, who is affiliated with Adventist's western regional system, Mr. Easterbrook said.
Jim Rappel was appointed vice president of finance and administration at Portland Cement Association, Skokie, Ill. He replaces the late William Kramer.
Mr. Rappel previously was a group vice president for the American Medical Association.
Among his new duties will be making manager changes and developing new investment strategies for its defined contribution and defined benefit plans, which total $28 million.
Keith Wirtz was named president and chief investment officer of Investment Advisers Inc., Minneapolis.
He was chief equity investment officer at TradeStreet Investment Associates Inc., Charlotte, N.C., where he will be replaced by C. Thomas Clapp, who was head of the equity group.
Mr. Wirtz replaces Roy Gillson, who left his position as chief investment officer and chief executive officer at IAI last month to become chief investment officer at AXA Sun Life.
Mr. Gillson will not be replaced as chief executive officer, said John Alexander, chief operating officer of IAI.
James Keith Brown was named head of marketing for foundations, endowments, hospitals and religious institutions at Goldman, Sachs Asset Management, New York.
Mr. Brown previously was managing director at Bankers Trust, New York, in the firm's endowment and foundations marketing team, where he has not been replaced.
Instead, the team reports directly to Doug Doucette, the head of the tax-exempt group, according to a spokeswoman for Bankers Trust.