Thursday, April 24, 2008

CalPERS Losing Chief Investment Officer

California Public Employees’ Retirement System's (CalPERS) Chief Investment Officer, Russell Read, has announced his resignation effective June 30, 2008. The CalPERS press release states Read is resigning to pursue his long-standing interest in environmental and cleantech investing.

The Sacramento Bee reports that Read's position will be filled on an interim basis by Anne Stausboll, currently the chief investment operating officer of CalPERS. No time line was given for permanently replacing Read, whose annual salary is listed at $555,360.


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