US - Board member Paul Peltier has resigned from the US$10.9bn School Employees Retirement System (SERS) of Ohio.
Peltier said he decided to quit the board as “the demands of job and family prevent me from devoting the number of hours required to adequately serve the SERS plan participants as a board member”.
Peltier is president of Exeter trust company, a multi-billion dollar trust company, and serves on the company’s board of directors.
He was appointed by former state treasurer Joseph Deters as an investment expert to the SERS board.
His replacement will be appointed by State Treasurer Richard Cordray.
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