John Stettler, vice president-benefit investments at Georgia-Pacific Corp., Atlanta, died of cancer Sept. 13, according to a news release from the company. Mr. Stettler, 61, joined Georgia-Pacific in 1984 as director-employee benefit investments and had been vice president-benefit investments since 1998. Mr. Stettler was responsible for investing the company's $3.44 billion defined benefit fund and its $3.29 billion in 401(k) assets. No successor has been named. Mr. Stettler "was a gentlemen of great integrity and thorough professionalism who served Georgia-Pacific diligently for 20 years," Pete Correll, chairman and CEO, said in a statement.
Tony Pierson was named managing director, portfolio management, at Cornerstone Real Estate Advisers, effective in October, said Jennifer Pearl, spokeswoman. The position is new. He will be portfolio manager of the $545 million Cornerstone Property Fund. Mr. Pierson was head of strategy and research at CIGNA Realty Investors and managing director of the $1.4 billion CIGNA Charter Open-End Real Estate fund. He was not replaced because the fund he managed adopted a plan of liquidation on April 1 and was transferred in the second quarter to Prudential Property Investment Separate Account, which is managed by Prudential Insurance Co. of America, according to a report on the company's website.