Steven A. Kandarian was named executive director of the PBGC. He was...

Steven A. Kandarian was named executive director of the PBGC. He was managing director and founder of Orion Partners, a private equity fund. "With over 20 years of private-sector experience in the financial world, Steve Kandarian is the right person to head the Pension Benefit Guaranty Corp.,” Labor Secretary Elaine L. Chao said today. David M. Strauss, the previous executive director, left when President Bush took office.