Banta Corp., Menasha, Wis., hired Frank Russell as manager of managers for its defined benefit plan, said Geoff Hibner, CFO. Frank Russell replaced five external managers, Mr. Hibner said; he declined to identify the firms. Plan officials decided to move to a manager-of-managers approach following the retirement in October of Gerald Henseler, former executive vice president and CFO, Mr. Hibner said.
The plan has $102 million in assets as of Dec. 28, 2002, according to its 10-K report filed with the SEC. Associated Bank, FIRMCO, Putnam, Reams and Roxbury were the plan managers as of December 2001, according to the Money Market Directory.