Springfield, Mass.-based MassMutual Financial Group recently appointed Elizabeth A. Ward as senior vice president and chief enterprise risk officer. As head of enterprise risk management, she will have responsibility for all elements of strategic risk management, including the identification, measurement, monitoring, coordination and oversight of risk management policies and programs across the MassMutual Financial Group companies. She will also have direct responsibility for risk management as chief risk officer at Babson Capital Management LLC. Senior Vice President John Skar, who held the post of CRO at MassMutual, is retiring.