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Rob Feckner, President of the California Public Employees’ Retirement System (CalPERS) Board of Administration announced today that the Board of Administration has named veteran executive Kenneth W. Marzion as Interim Chief Executive Officer.
Marzion, a 32-year veteran CalPERS leader, most recently served as Assistant Executive Officer of the Actuarial and Employer Services Branch, responsible for providing services to more than 2,500 state, school, and public agency employers. His career includes posts in three other divisions, including the Fiscal Services, Member Services, and Benefit Services Divisions.
“We appreciate Ken agreeing to serve as Interim CEO and look forward to working with him. His extensive knowledge of CalPERS and his well-known staff leadership and talent will serve our system well during the transition and provide stable guidance for the day-to-day operations as the Board focuses on its major priorities, including the recruitment for a permanent CEO,” Feckner said.
“I welcome the opportunity to serve and am committed to providing a seamless transition and guidance for the operations for as long as the Board may need,” said Marzion.
CalPERS is the nation’s largest public pension fund, and provides retirement and health benefits to 1.5 million active and retired State and local public employees and their families. For further information on CalPERS, please visit the System’s website.
