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The California Public Employees' Retirement System (CalPERS) Board of Administration today appointed Douglas Hoffner as the Pension Fund's Interim Chief Executive Officer (CEO) as it completes its process for a new CEO.
"Doug is a natural choice and will do an excellent job leading CalPERS until we name a permanent CEO," said Rob Feckner, President of the CalPERS Board. "Our recruitment is going extremely well and we have strong candidates. We expect to conclude the process in the coming weeks."
Hoffner currently serves as CalPERS Deputy Executive Officer for Operations and Technology overseeing strategic planning, information technology, human resources, diversity and inclusion, and operations. He will assume the interim CEO post on July 1 following the June 30, 2016 retirement of CalPERS current CEO Anne Stausboll.
Hoffner joined CalPERS executive team in July 2012 after serving as Undersecretary of the California Labor and Workforce Development Agency, where he also served for a time as Acting Secretary. He was also Deputy Cabinet Secretary to former Governor Arnold Schwarzenegger, and Assistant Director for Legislation at the California Department of General Services.
For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.7 million members in the CalPERS retirement system and administers benefits for nearly 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $291 billion. For more information, visit www.calpers.ca.gov.
