Meredith Williams was named executive director of the $30 billion Public Employees' Retirement System of Colorado, Denver, succeeding Robert J. Scott, who is retiring after 16 years.
Mr. Williams has been CEO of the $10 billion Kansas Public Employees' Retirement System, Topeka, since 1991. A search committee has been formed to name his replacement. The KPERS board expects to have a short list of candidates by Aug. 15, with a final candidate selected by the end of August. Meanwhile, Joan Hancock, KPERS general counsel, will serve as interim CEO.
Joseph Mathews Jr. was named vice president for business affairs at Samford University, Birmingham, Ala. He will oversee the university's $325 million endowment, replacing Laverne Farmer, who will retire June 30. Mr. Mathews was a partner at the law firm of Lange Simpson Robinson and Somerville, Birmingham, Ala.
Anthony Gray is retiring as chief investment officer of STI Capital Management, Orlando, Fla., after 20 years.
Earlier this year STI's parent, Atlanta-based SunTrust Banks, announced it would merge the administration of its three institutional investment management units -- STI Capital; Trustco Capital Management, Atlanta; and Crestar Asset Management, Richmond, Va. Trustco President Douglas Phillips will be the new CIO.
Robert Rhodes, a senior vice president with Trustco, will replace Mr. Gray in overseeing the STI Classic capital appreciation fund.
William M. Bethke will retire June 14 from his position as chief investment officer of the $120 billion general account at The Prudential Insurance Co. of America, Newark, N.J. He will be replaced by Ron Joelson, who will add responsibility for the enterprise risk unit to Bethke's chief investment officer duties. Mr. Joelson was senior vice president and, for the past year, headed an internal project relating to the company's demutualization, said Tim Biggs, a spokesman.
Judy Bednar was promoted to president of Northern Trust Quantitative Advisors, Chicago. She replaces John Goodwin, who is resigning to pursue personal interests. Ms. Bednar was a senior vice president and head of equity in the quantitative group.
Andrea Revy O'Connell took over as chief executive officer and president of Froley, Revy Investment Co. Inc., Los Angeles, from George A. Froley III, who will remain chairman. Ms. O'Connell was a managing director and principal with the firm, which she joined in 1986 as a financial analyst.
Separately, James M. Barry, Ravi Malik and Melinda Gordon were named managing directors. Messrs. Barry and Malik are portfolio managers; Ms. Gordon is director of the client services group.
Kathleen Corbet, chief executive officer of Alliance Capital Europe, London, was promoted to the new position of chief executive officer for fixed income at Alliance Capital Management.
She will be succeeded at Alliance Capital Europe by Ed Baker, who also will continue as head of emerging market equities. Mr. Baker's position as head of European institutional marketing will be taken by Eric Johnson, current head of domestic institutional marketing in the U.S.
The California Public Employees' Retirement System' finance committee unanimously re-elected Robert F. Carlson as chairman and state Controller Kathleen Connell as vice chairwoman of the committee. Mr. Carlson has been a board of administration member of the $175 billion Sacramento-based retirement system since 1971, and served as board president from 1976 to 1985.
Ms. Connell is an ex-officio member of the CalPERS board and serves on the benefits and program administration, health benefits, investment and strategic planning committees.
Donna L. Terry was named director of research by INVESCO's North American institutional group. She will be based in Atlanta. She replaces Patricia Chadwick, who retired, and will lead teams of equity analysts based in Atlanta and New York.
Ms. Terry is the president of Verity Investment Management Group, which manages $40 million, mainly for high net-worth clients. Ms. Terry is in the process of affiliating Verity with another Jacksonville, Fla.-based management firm, said a spokesman.