Northrop Grumman Corp.s proposed acquisition of TRW Corp., Cleveland, may provide an opportunity for Robert M. Hamje, president and CIO of TRW Investment Management, to head the combined pension investment operations. Northrop Grumman, Los Angeles, is still searching for a replacement for Rose Mary Abelson, director-investments and assistant treasurer, who left in early May.
"I cant comment, Mr. Hamje said of moving to Northrop. He said it is too early in the acquisition process to discuss what will happen with the TRW pension investment staff.
Sprague & Associates is assisting in the search. Ms. Abelsons duties are being handled by Northrops pension staff.
TRW has $2.9 billion in defined benefit and $2.4 billion in defined contribution assets. Northrop Grumman has $13.9 billion in defined benefit and $5 billion in defined contribution assets.