Michael Rake, chairman of KPMG International, as chairman of BT Group.

M. Peter McPherson, president of the National Association of State Universities and Land-Grant Colleges, as chairman of Dow Jones.

Walter W. Bettinger II, executive vice president and head of the investor services unit of Charles Schwab, as president and chief operating officer and potential successor to the company's founder.

Linda R. Gooden, executive vice president of the information and technology services unit of Lockheed Martin, as head of the new information systems and global services unit.


Bobby Mehta, as chief executive of HSBC Finance and head of HSBC's North American business, and Sandy Derickson, as chief executive of HSBC Bank USA and vice chairman of HSBC Finance, because of problems with subprime mortgage portfolio.

Giancarlo Cimoli, as chief executive and chairman of Alitalia, to be replaced by Berardino Libonati, chairman of Banca di Roma.

Steve Swad, as chief financial officer of AOL, the latest senior manager to leave as the company tries to transform itself into an online advertising conduit.

Judy C. Lewent, as chief financial officer of Merck, after 17 years.

Renato A. DiPentima, as chief executive of SRA International, to be replaced by Lockheed Martin Vice President Stanton D. Sloane.