Verne O. Sedlacek, executive vice president and COO at Commonfund...

Verne O. Sedlacek, executive vice president and COO at Commonfund, will become president and CEO of the firm on July 1. He succeeds Robert L. Bovinette, who will retire. Mr. Sedlacek will retain COO duties. Commonfund conducted a national search for Mr. Bovinette’s replacement, David Lascell, board chairman, said in a statement.