Justin Leverenz was promoted to portfolio manager of the $10.2 billion Oppenheimer Developing Markets Fund and other emerging markets equity strategies managed by OppenheimerFunds and its affiliates, confirmed spokeswoman Jessica Greaney. Mr. Leverenz will oversee more than $14 billion in assets. He replaces Mark Madden, who is leaving the company to pursue other opportunities; Ms. Greaney declined to comment further. Mr. Leverenz will report to George Evans, senior vice president, director of international equities and head of the global team. Mr. Leverenz was senior analyst for the $17 billion Oppenheimer Global Fund.