Texas Employees Retirement System Hires Executive Director

Porter Wilson has been tapped as the new executive director of the Texas Employees Retirement System. His hire was approved on Thursday.

Reported by Pensions & Investments:

Trustees of the Austin-based pension fund approved Mr. Wilson’s hire at a board meeting on Thursday to eventually replace Ann S. Bishop, the current executive director, as a “step in succession planning,” said ERS spokeswoman Mary Jane Wardlow, in an e-mail.

Ms. Bishop announced her intention to retire to the board “some time ago,” Ms. Wardlow said, but the date of her departure has not been set.

Mr. Wilson’s arrival date has not been set yet either, although the plan is that Mr. Wilson will join ERS soon in order to work side by side with Ms. Bishop during the forthcoming Texas legislative session, which begins in January, Ms. Wardlow said.

Mr. Wilson now is associate vice chancellor for governmental relations for the Texas Tech University System, Lubbock.

The Texas Employees Retirement System manages $26 billion in assets.