PFPC Worldwide has named a successor for J. Richard Carnall, former president and CEO, who retired in March. Timothy Shack is now PFPC's president and CEO. Shack, previously chief information officer at PFPC parent PNC Financial Services Group, will retain those responsibilities.

While the assumption of both duties simultaneously might appear overwhelming, Shack's technology expertise meshes with his new position at the helm of technology-based PFPC, spokeswoman Jeanette Harrison-Sullivan said.

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