Robert J. Manning, CEO and chief investment officer of MFS Investment Management, will take on the title of chairman, effective July 1, while ceding his CIO title to MFS President Michael W. Roberge, confirmed spokesman John Reilly.
The moves are part of a broader leadership succession plan in which Robert C. Pozen, current chairman of MFS, will become chairman emeritus, with plans to retire from the firm on Dec. 31, 2011.
Mr. Roberge’s current title of CIO for U.S. investments will be eliminated. He will also become the firm’s global director of research. Previously, he had shared the title of co-director of global research with David A. Antonelli.
Mr. Antonelli and Martin E. Beaulieu will become vice chairmen, effective July 1. Although Mr. Antonelli’s current title of CIO of non-U.S. investments will be eliminated, Mr. Antonelli will remain “very much involved” in portfolio management and mentoring for the firm’s global and international strategies, Mr. Reilly said.
Mr. Beaulieu will retain his current title as head of global distribution.