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.

Solectron Corp., a $10.4 billion contract electronics manufacturing service provider based in Milpitas, Calif., named Paul Tufano CFO and executive vice president. He succeeds Kiran Patel, who left Solectron to join Intuit Inc. in September 2005. Prior to joining Solectron, Tufano, 52, served as CEO of Maxtor Corp. from 2003 to 2004, after he joined as CFO in 1996, and later became COO as well. Earlier, he held management positions at IBM Corp. from 1979 to 1996, including manager of worldwide logistics for the storage systems division, manager of plans and controls for the desktop and mobile storage products business unit, and controller for the San Jose, Calif. facility.

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