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MFS Makes Management Changes

MFS Investment Management of Boston has announced several management changes scheduled to become effective Jan. 1.

Martin E. Beaulieu will become president of MFS Fund Distributors, succeeding William W. Scott, Jr., who has been named vice chairman of MFS, the company announced. Beaulieu is currently president of MFS Retirement Services, a subsidiary of MFS, and has been since 1996. Retirement assets in the division have grown 82 percent during Beaulieu's tenure, from $11 billion in January 1997 to $20 billion in September of this year, according to MFS. Beaulieu will shift to leading the company's retail effort, said Jeffrey L. Shames, chairman and CEO, MFS, in a statement.

Carol W. Geremia, who has worked for MFS for 16 years, will succeed Beaulieu as president of retirement services.

As chairman, Scott, who has been president since 1991, will be responsible for maintaining corporate relationships at the senior level. He will also serve as a member of the MFS Management Committee, the company said.