Scott A. Fenn was named managing director of policy at Proxy Governance, a new position. Mr. Fenn, who retired as president and CEO of the Investor Responsibility Research Center in 2001, will be a senior member of the team developing and applying policies for the firm's research and voting recommendations. He resigned from Proxy Governance's policy council advisory body. "It hasn't been determined" how he will be replaced on the council, said Ronald C. Kuykendall, vice president-marketing and communications. Mr. Fenn served last year as a consultant to the IRRC board on issues related to the formation of the IRRC Institute for Corporate Responsibility. "I have expertise on both social policy and to a lesser extent on corporate governance," said Mr. Fenn in an interview. "With corporate governance, I've delved into executive pay. ... I think what PGI is looking for is the overall experience I have in helping to identify situations outside norm on governance issues. and looking at interesting pay plans."
Thomas Kamp was named CIO and managing director of Cornerstone Capital Management, said CEO Andrew Wyatt. The position is new and was created because the firm, which has primarily managed money for high-net-worth individuals, is building its internal research capabilities to pursue more institutional investors, said Mr. Wyatt. Cornerstone is in the process of adding to its research team, and Mr. Wyatt said that Mr. Kamp will "quarterback" the group. Mr. Kamp was a senior vice president and portfolio manager at Alliance Capital Management, where he worked on the firm's large-cap growth strategy. John Meyers, Alliance spokesman, said that Mr. Kamp will not be replaced and his responsibilities will be handled by other members of the large-cap growth team.