Kevin Carter will succeed Nick Watts as head of European investment consulting at Watson Wyatt on July 1, said Paul Deane-Williams, senior consultant and spokesman. Mr. Carter is currently senior investment consultant and a partner with Watson Wyatt. He will keep his clients, and the firm isn't searching for a replacement. Mr. Watts, who will go on sabbatical in October, is gradually shifting his responsibilities to Mr. Carter, said Mr. Deane-Williams. Mr. Watts expects to return to Watson Wyatt in early 2006 and will likely work with pension funds and other institutional clients, but not on the managerial side, Mr. Deane-Williams said, noting that sabbaticals are common at the firm and are available to employees with 10 years' tenure.