US - US$200bn The California Public Employees' Retirement System (CalPERS) has elected two board members, while the $133bn California State Teachers Retirement System (CalSTRS) announced that Roger Kozberg had joined its board.
At CalPERS, Charles Valdes and Kurato Shimada, both incumbents, will serve four-year terms as of January 16, according to certified results released by the Secretary of State.
Valdes is a deputy attorney IV for the State Department of Transportation,and is chair of the System's Investment Committee.
Shimada is a retired operations supervisor for San Jose's Oak Grove School District, and is chair of the benefits and programme administration Committee.
CalSTRS’ Kozberg is currently a risk management consultant and was previously a senior vice president for Marsh Risk & Insurance Services from 1997 to 2005.
He also serves as a director of the public television station KCET in Los Angeles and is a trustee for the Natural History Museum of Los Angeles County. He has served as chair of the California Transportation Commission and president of the California Science Center Board.
Kozberg, a Republican, was originally appointed to the board by Governor Schwarzenegger in April last year.
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