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ASSET OWNERS

PSCA executive director to resign

Tony Verheyen
Anthony Verheyen

Anthony Verheyen, executive director of the Plan Sponsor Council of America, will resign and return to the private sector as soon as a successor has been chosen, the trade association announced Wednesday.

Mr. Verheyen, who could not be reached for comment, became executive director in December 2014. The news release provided no details on Mr. Verheyen's reason for leaving.

Stephen McCaffrey, PSCA board chairman, said in an interview that Mr. Verheyen told board members in May of his intention, saying he wanted to complete several projects and remain for the selection and transition of a new executive director. Mr. McCaffrey predicted it would take three to four months to hire a replacement.

A news release said board members of PSCA have formed a committee to search for a new executive director. Mr. Verheyen “will remain with the organization during the transition,” the release said.

People interested in the executive director's job should contact Mr. McCaffrey at stephen.mccaffrey@nationalgrid.com.

Prior to joining PSCA, Mr. Verheyen was a human capital consultant for Willis of Wisconsin Inc., a unit of what was then Willis Group Holdings. It is now Willis Towers Watson PLC.