United Asset Management (UAM) has hired James Orr as its new president and chief executive officer, replacing retiring Norton Reamer, the company's founder,

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who now becomes non-executive chairman of the board. Reamer will step down in September, after turning 65, remaining a director of the company.

Reamer's planned replacement, Charles Haldeman, Jr. left the Boston company in late November 1999 to head Delaware Investments and Lincoln National Investment Co. as chief executive officer.

"Jim Orr is an outstanding choice to lead the process of change that's underway at UAM," said John Shane, UAM director, who chaired the search for a new CEO.

Prior to the position at UAM, Orr had been chairman and chief executive officer since 1987 of UnumProvident Corporation, a global insurance provider. Before that he was executive vice president and treasurer of Connecticut Bank & Trust Company. 

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