Tag: new executive director

Oklahoma PERS Hires Executive Director

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The Oklahoma Public Employees Retirement System has tabbed a new executive director: Joseph Fox, who was the fund’s general counsel since 2005 and who had been serving as interim executive director since September.

From an OPERS release:

The board of trustees of the Oklahoma Public Employees Retirement System (OPERS) has selected Joseph A. Fox as its new executive director effective November 1, 2014. The board had previously named Fox as its interim executive director. Mr. Fox fills the vacancy created by the resignation of Tom Spencer who is becoming the executive director of the Oklahoma Teachers’ Retirement System.

“The OPERS Board is very happy with its selection of Joe as executive director,” said OPERS Board Chair DeWayne McAnally. “The search committee met and discussed the possibilities at length, and after many consultations with outside sources and OPERS staff, Joe became the clear choice.”

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McAnally added, “This is a critical time for OPERS as it is focusing on implementing a new defined contribution retirement plan in 2015. The agency needs strong and enduring leadership, and the board feels Joe provides that continuity.”

OPERS oversees $8.5 billion in assets for 81,000 members.

South Carolina Pension Investment Commission Names New Executive Director

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The South Carolina Retirement Investment Commission hopes it has found long-term leadership with its newest hire today.

The Commission, which oversees the state’s pension investments, has hired Michael Hitchcock to be its executive director. As reported by the Associated Press:

For the second time in three months, the agency investing South Carolina’s pension portfolio has named an executive director.

The Retirement Systems Investment Commission voted 4-2 on Tuesday to hire Michael Hitchcock, who takes the job Sept. 8. Hitchcock has been the chief attorney and assistant clerk of the South Carolina Senate since 2001. His salary will be $230,000.

Pension360 had previously covered the resignation of Sarah Corbett, who became executive director on June 3 but resigned from the position after two months.

Previous to Corbett, the Commission didn’t have an executive director position. It created the position last Spring.

The Commission manages nearly $30 billion worth of assets