US - Jack Ehnes has been appointed as the new CEO of the $97.7bn California State Teachers' Retirement System (CalSTRS).
Ehnes will take up his position with the third largest US pension fund on February 4, replacing James Mosman. In June, Mosman announced that he was leaving the fund to join the US-based National Council on Teacher Retirement as its new executive director.
Jack won out over a strong field of candidates, said Gary Lynes, CalSTRS board chairman. CalSTRS is fortunate to have found in him someone who will provide the innovative, strong leadership the system requires as it continues to meet the retirement needs of California's educators.
New CEO Ehnes joins the fund from Denver-based Great-West Life & Annuity Insurance. Amongst his duties as vice president for corporate affairs, Ehnes served as trustee/plan administrator for Great-West's employees' defined benefit and defined contribution plans.
Great-West provides life and health insurance products and administers defined contribution retirement schemes.
Prior to Great-West, Ehnes served as the state of Colorado's insurance commissioner, after a stint as deputy insurance commissioner. He also served 11 years as a trustee for the $31bn Colorado Public Employees Retirement Association, including six years as chair and vice-chair of the board.
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