{"id":48280,"date":"2016-01-22T03:08:00","date_gmt":"2016-01-22T02:08:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/mobilite\/calpers-ceo-anne-stausboll-to-retire-at-fiscal-year-end-after-more-than-7-years\/"},"modified":"2016-01-22T03:08:00","modified_gmt":"2016-01-22T02:08:00","slug":"calpers-ceo-anne-stausboll-to-retire-at-fiscal-year-end-after-more-than-7-years","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/asset-management\/mobilite\/calpers-ceo-anne-stausboll-to-retire-at-fiscal-year-end-after-more-than-7-years\/","title":{"rendered":"CalPERS CEO Anne Stausboll to Retire at Fiscal Year-End After More Than 7 Years"},"content":{"rendered":"<p>Stausboll will leave the system after serving more than seven years as its CEO following her appointment in January 2009.<\/p>\n<p><em>&#8220;It has been an honor and privilege to serve CalPERS, our Board and staff, and the public employees who serve California,&#8221;<\/em> said Stausboll. <em>&#8220;Together we have made CalPERS a stronger organization, one that is well positioned to provide retirement and health security for future generations. I&#8217;m proud of our progress and ready to explore the next chapter of my life.&#8221;<\/em><\/p>\n<p>Stausboll assumed the helm of CalPERS during a volatile time in the organization&#8217;s history. CalPERS had lost nearly 30 percent of its investment assets following the Great Recession and found itself embroiled in an ethics scandal by former officials, including its former CEO.<\/p>\n<p>Under her leadership, CalPERS has strengthened ethics, transparency, and internal controls through governance and operational improvements, including:<\/p>\n<ul>\n<li> Sweeping reforms and laws related to placement agents<\/li>\n<li> Implementing a risk mitigation policy and an Asset Liability Management program to ensure long-term sustainability of the pension system<\/li>\n<li> Integrating Environmental, Social, and Governance factors within CalPERS investment portfolio<\/li>\n<li> Increasing competition and reducing costs in health care<\/li>\n<li> Establishing the first-ever Chief Financial Officer position to improve financial oversight<\/li>\n<li> Implementing Enterprise Risk Management and Treasury Management programs with public reporting, and<\/li>\n<li> Launching my|CalPERS, one of the largest state IT projects that consolidated 49 legacy systems into one consolidated customer service system.<\/li>\n<\/ul>\n<p>The pension fund also saw its investment assets grow from $170 billion to more than $275 billion during Stausboll&#8217;s tenure.<\/p>\n<p><em>&#8220;CalPERS is a better organization because of Anne,&#8221;<\/em> said Rob Feckner, President of the CalPERS Board. <em>&#8220;She led us through a difficult period, and we have emerged as a more accountable, transparent, and smarter institution. We will miss her and we wish her the very best in her future endeavors.&#8221;<\/em><\/p>\n<p>In addition to her role as CEO, Stausboll served as CalPERS Chief Investment Operating Officer since 2004 during a time she was twice tapped to be Interim Chief Investment Officer. She also worked in the pension fund&#8217;s legal office for six years as a staff attorney and Deputy General Counsel.<\/p>\n<p>The CalPERS Board will conduct an immediate search for her replacement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anne Stausboll, Chief Executive Officer (CEO) for the California Public Employees&#8217; Retirement System (CalPERS), today announced she will retire as the head of the nation&#8217;s largest public pension fund on June 30, 2016.<\/p>\n","protected":false},"author":20,"featured_media":48278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1479],"tags":[1655,1651,1437,2094,2044],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/48280"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=48280"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/48280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/48278"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=48280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=48280"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=48280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}