Robert Pozen was named non-executive chairman at MFS Investment Management, replacing Jeffrey L. Shames, who will retire. Mr. Pozen is a visiting professor at Harvard Law School and in recent years was secretary of economic affairs for Massachusetts Gov. Mitt Romney, associate general counsel at the SEC and a member of the President's Commission to Strengthen Social Security; he was vice chairman of Fidelity Investments when he left the firm in January 2002.
Mr. Pozen expects his role to be a "full-time job" taking some of the work from Rob Manning, who last week replaced both John Ballen as CEO and Kevin Parke as president and CIO, Mr. Pozen said in an interview with P&I Daily. While Mr. Manning looks after MFS' investment process, performance and distribution, Mr. Pozen said he will play "Mr. External," working with the company's board and with regulators in Washington while reaching out to reassure the company's clients.