Karen E. Gershman was named interim director of the $32 billion Massachusetts Pension Reserves Investment Management Board, Boston. She replaced James Hearty, who confirmed that he would leave today. Mr. Hearty announced his resignation last year and had said he would stay on until a new executive director was named; the board announced in December that it hired Russell Reynolds to conduct a national search for a permanent replacement.
Mr. Hearty said he will become a managing director in charge of marketing and client services with Relational Investors in San Diego.
