US - Brian Guthrie has been bumped up to the executive director role of the $105bn Teacher Retirement System of Texas (TRS).
Guthrie has served as deputy director since September 2008 and replaces Ronnie Jung, whose last day was yesterday after serving for seven years. (Global Pensions; 26 April 2010)
Jung will continue to serve as "executive liaison" to the Texas TRS board, the pension fund said.
Guthrie's first task will be to conduct a study of the TRS health care programmes - TRS Care and TRS Active Care - as mandated by the state.
"I am humbled and honoured to serve more than a million Texas public educators and retirees who depend on TRS for their retirement security. Our system is strong today, but I am committed to making sure that it remains so, well into the next century," said Guthrie.
Guthrie will be replaced by Ken Welch, currently chief financial officer.
Texas TRS is the sixth largest pension fund in the US.
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