Ohio PERS has announced that its director of investments, John C. Lane, will be leaving his post to become the chief investment officer at Ohio State University. From the Columbus Dispatch:
John C. Lane is to start work as Ohio State’s vice president and chief investment officer on Oct. 29 after the university’s board of trustees confirms the appointment, according to an OSU news release this afternoon. He has managed investments for the public employees pension system since 2010 and previously managed investments for Eastman Kodak and for the Pennsylvania Public School Employees’ Retirement System.
At Ohio State, Lane replaces Jonathan Hook, who left this spring to take a job managing investments for a nonprofit foundation. Hook was paid $627,300 per year. Ohio State did not immediately disclose what it intends to pay Lane.
“John Lane has demonstrated excellent results throughout his career and I am confident he will lead us to a new level of performance,” Geoff Chatas, OSU’s senior vice president and chief financial officer, said in the news release. “He possesses the expertise to assure that the university succeeds in its responsibility to the public and our supporters to maximize investment returns.”
Lane will report to Chatas in his new role.
Lane will be managing $3.4 billion of assets for the University.