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Alternative Market Briefing

CalSTRs CEO set to retire

Friday, March 06, 2020

Bailey McCann, Opalesque New York:

CalSTRS CEO Jack Ehnes will retire in September. Ehnes made the announcement during a board meeting at the pension system today. Ehnes joined CalSTRS as CEO in February 2002.

Ehnes is currently chairman of the FTSE Green Industries Advisory Committee and vice chair of the FTSE Sustainable Investment Advisory Committee in London. He is also the board vice chair of the Global Reporting Initiative (GRI) in Amsterdam. He currently serves on the boards of Ceres (a national network of investors and environmental organizations working to address sustainability challenges) and is past president of the National Council on Teacher Retirement (NCTR). Ehnes also serves as a public governor on the Financial Industry Regulatory Authority (FINRA) in Washington D.C.

Ehnes told the board that he wanted to pursue other opportunities in life after almost 20 years leading CalSTRS. During that time, Ehnes navigated complex political debates that sought to limit the pension's activities. Ehnes secured a long-term funding structure for the pension system, which still provides benefits to its participants.

"Under Jack's leadership, CalSTRS has weathered the challenges of financial market downturns and pension reform efforts," said Teachers' Retirement Board Chair Sharon Hendricks in a statement. "He is leaving us with a capable team of professionals who will carry on the mission of CalSTRS."

CalSTRS will use the intervening months ......................

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