Suzanne Ross was named investment director of the London Pensions Fund Authority Pension Fund, London, effective Oct. 9, spokesman Ewan Denny said. It is a new position. Reporting to recently appointed CEO Mike Taylor, Ms. Ross will be responsible for advancing the investment strategy of the £3.3 billion ($6 billion) pension fund. She was formerly pensions investment manager for the IBM UK Ltd. Pension Plan, Portsmouth, England, which had £4.36 billion in assets as of Dec. 31. Information on Ms. Ross' replacement could not be obtained by press time, according to IBM UK spokeswoman Arlene Wainstein.
Emmett Carson was named CEO and president of the newly formed Silicon Valley Community Foundation, Palo Alto, Calif., effective Nov. 1, according to a news release. The directors of the Peninsula Community Foundation, San Mateo, Calif., and the Community Foundation Silicon Valley, San Jose, Calif., tentatively decided in July to merge into the Silicon Valley Community Foundation, with a combined $1.5 billion in assets. Peter Hero, the current CEO of Community Foundation Silicon Valley, will remain a senior adviser. Vera Bennett has been interim CEO of the Peninsula Community Foundation since the end of 2005; she also serves as CFO. All staffing decisions for the merged foundation will be made by Mr. Carson, said Michelle McGurk, spokeswoman for the Community Foundation Silicon Valley. Mr. Carson has been CEO and president of the $650 million Minneapolis Foundation since 1994. The board will discuss his replacement at its Aug. 10 meeting, said Chris Langer, vice president of marketing and communications.