Keith Watson was named director of pension investments at Textron Inc., Providence, R.I. He will oversee $7 billion in retirement assets. Mr. Watson replaces Ellen Hayes, who said she left at the end of May to spend more time with her family. Mr. Watson comes to Textron from Fidelity Investments strategic advisers division, where he worked for two years as an investment manager, overseeing tax-managed portfolios for high-net-worth clients. Fidelity representatives werent immediately available to discuss whether Mr. Watson had been replaced.