CalPERS’ board will choose among five candidates for its new CEO next week. Fred Buenrostro and Gerald H. Goldberg may have a slight edge in succeeding James Burton as chief of the $135 billion California Public Employees’ Retirement System, Sacramento. Mr. Burton left CalPERS in August.
Mr. Buenrostro, chief deputy director of the state’s Department of Personnel Administration, represents agency head Marty Morgenstern on the boards of CalPERS and the $97 billion California State Teachers’ Retirement System, Sacramento. Mr. Goldberg is executive officer of the California Franchise Tax Board, the state’s tax-collection agency; he has held the post since 1980.
Other candidates are: Thomas Higgins, president and COO of Business for Social Responsibility; Clark Kelso, law professor at the University of the Pacific’s McGeorge School of Law; and Robert Aguallo, assistant executive director of investment operations at CalPERS
The board will interview candidates Sept. 18, with a selection expected the following day.
