Jose Claxton, W. Montgomery Cerf, Erika Irish Brown and James C. Kellogg were appointed members to the New Jersey State Investment Council, which oversees the $82 billion New Jersey Division of Investment, Trenton. They were appointed by Gov. Jon Corzine and will serve on an interim basis until confirmed by the state Senate, said spokesman Tom Vincz.
Mr. Claxton was a managing director in charge of North American institutional sales, marketing and investor relations at Lehman Brothers until December 2006. Mr. Cerf is managing director and senior banker at JPMorgan. Ms. Brown is senior vice president, head of diversity lateral recruiting, at Lehman Brothers. Mr. Kellogg is president of the $72.5 million J.C. Kellogg Foundation.
They replace outgoing council members Cheryl Mills, Anthony Terraciano and James Farrell. The council was also expanded by one appointee, said Mr. Vincz. The new appointees serve five-year terms.