CalPERS on Wednesday announced it has begun a search for the $239.1 billion retirement system's first CFO, confirmed Brad Pacheco, chief of public affairs.
The new post is the result of legislation signed in October by Gov. Jerry Brown that created the position at the California Public Employees' Retirement System, Sacramento.
Russell G. Fong, interim assistant executive officer of CalPERS' administrative services branch, was named acting CFO in April 2011.
The CFO “will be responsible for managing the finance processes for CalPERS, including budgeting, accounting, cash management, and financial planning and analysis. The successful candidate will also oversee CalPERS Enterprise Risk Management projects,” according to a news release. The CFO will report to Anne Stausboll, CalPERS CEO.
Executive search firm Heidrick & Struggles is assisting.
Candidates should mail a resume and cover letter indicating current salary by May 15 to Heidrick & Struggles, Attn.: CalPERS CFO, 1114 Avenue of the Americas, 24th Floor, New York, NY 10036, or via e-mail at [email protected]
A recruitment announcement is available on the fund's website.
Candidate interviews will be held from May through mid-June, according to the announcement.