Seth Hall and Margot Wirth were named interim private equity co-directors at the $119 billion California State Teachers Retirement System, Sacramento, pending a permanent replacement for Real Desrochers, who retired Feb. 18, said Sherry Reser, spokeswoman.
Mr. Desrochers had been planning his retirement for quite some time but didnt want a fanfare on his departure, Ms. Reser stated in an e-mail response to questions.
There is no timeline in the search for a director to oversee the systems $17.1 billion private equity portfolio. The recruitment and selection process usually takes at least six months, she said. Korn/Ferry International is assisting.