Edwin L. Artzt was named senior adviser at Gabelli Group Capital Partners, Rye, N.Y., a new position. Mr. Artzt was chief executive officer of Procter & Gamble Co., Cincinnati, and retired in 1995. He will help Gabelli expand its private equity portfolio, focusing on acquiring interests in small and medium-sized companies. Mr. Artzt was a member of the advisory committees on trade policy and negotiations for Presidents George H.W. Bush and Bill Clinton.