Ted White will become deputy executive director at the Council of Institutional Investors. He will succeed Ann Yerger, who was promoted to executive director last year. Mr. White, who plans to work from a home office in Sacramento, Calif., was portfolio manager for CalPERS' corporate governance program. The $186.9 billion California Public Employees' Retirement System, Sacramento, will seek a replacement for Mr. White, who, along with William Sherwood-McGrew, oversees $2.4 billion in corporate governance investments as well as the fund's overall corporate governance efforts. In the interim, Senior Investment Officer Christianna Wood will take a stronger role in overseeing the area, said CalPERS spokesman Brad Pacheco in an e-mail.