CalPERS Board also voted to conduct a global search immediately to replace Anson and will hire an executive recruitment firm to assist in the process.
"It is important that we find the best person for this job that will continue to build on CalPERS success in prudent, innovative and cost effective investment management," said Rob Feckner, President of CalPERS Board of Administration. "This will be a broad search that will be open to all qualified candidates, including our own excellent professional internal investment staff."
Stausboll is currently the Assistant Executive Officer of CalPERS Investment Operations. She formerly served in the CalPERS legal office for six years, including two years as Deputy General Counsel. She left in 1999 to become General Counsel for California State Treasurer Phil Angelides, and was later appointed Chief Deputy Treasurer in July 2000. She returned to CalPERS in 2004 to help lead CalPERS investment operations.
In her Interim CIO post, she will work closely with CalPERS senior investment officers to implement investment strategies for the System’s real estate, alternative investment and public market portfolios, including oversight of external managers, advisors and pension consultants.
"Anne is very well suited to lead our investment staff until a new chief investment officer can be found," said Charles P. Valdes, CalPERS Investment Committee Chair. "Her strong leadership, policy development skills, and project management experience in State government will serve us well in the administration of our investment programs."
CalPERS expects to name a new CIO in the next six to eight months.
CalPERS is the nation's largest public pension fund with assets totaling more than $196 billion. The System provides retirement and health benefits to more than 1.4 million State, school and local public agency employees and their families. For more information on CalPERS, visit www.calpers.ca.gov.
