People On The Move

Wachovia Corp., a bank based in Charlotte, N.C. with $26.1 billion in revenues, named Thomas Wurtz CFO. He succeeds Robert P. Kelly, who left Wachovia to join Mellon Financial Corp. as its CEO, chairman and president. Wurtz, 44, most recently was Wachovia’s treasurer and head of the treasury and planning division for the last seven years. Prior to joining the bank in 1994 as director of forecasting and assistant treasurer, he served as vice president of asset liability management at California Federal Bank and manager of capital markets for the Western region at the Office of Thrift Supervision, a bureau of the U.S. Department of Treasury.

BASF Corp., an $11.1 billion chemicals company based in Florham Park, N.J., named Fried-Walter Muenstermann CFO and executive vice president. He replaces Dr. Hans-Ulrich Engel, who retains his role as executive vice president. Muenstermann, 41, most recently was group vice president of regional functions and business development for the parent company, BASF AG, based in Germany. Previously, he held positions at various subsidiaries, including managing director of BASF PLC and vice president, controlling and investor relations of BASF Pharma Ltd., after joining the finance and accounting and controlling division of BASF Magnetics GmbH in 1992.