Mark R. Fetting was promoted to president of the Legg Mason asset management business unit of Legg Mason Inc., Baltimore. The position is new. He had been president of Legg Mason mutual funds, duties he'll retain.
Also, Timothy C. Scheve has been promoted to chief executive officer of Legg Mason Wood Walker Inc., the broker-dealer unit. He had been president, and will retain that position. Mr. Scheve succeeds James W. Brinkley, who was named chairman of the unit, replacing Raymond A. "Chip" Mason, who remains chairman of the holding company.
