Chicago Teacher’s Pension Executive Director Resigns

Kevin Huber, the executive director of the Chicago Public Schools Teachers’ Pension & Retirement Fund, has announced his plans to resign from the fund. From a fund press release:

Kevin B. Huber, executive director of the Chicago Teachers’ Pension Fund (CTPF) submitted his resignation and will leave the fund effective December 31, 2014. Huber joined the fund as Chief Financial Officer in 1999, and was promoted to Executive Director in 2005. He has been on medical leave since May 2014.

“Our Trustees thank Mr. Huber for the outstanding leadership and guidance he has provided our fund during the past 16 years. As CFO and then as Executive Director, he has worked tirelessly on behalf of our members and our staff, and has set a high standard for our fund,” said Jay C. Rehak, president of the CTPF Board of Trustees. “He brought a rare combination of professional and interpersonal skills to this position and we will miss him greatly.”

The Board of Directors has initiated a national search for candidates to fill Huber’s position, and is working with executive search firm EFL Associates. The fund’s current Interim Executive Director, Peter A. Driscoll, will stay on with the fund through March 31, 2015, to ensure a smooth transition.

CTPF manages just under $11 billion in assets.