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.