Kathleen K. Webb was named chief officer for risk, compliance and ethics at the $239.1 billion California Public Employees’ Retirement System, Sacramento, confirmed Brad Pacheco, chief of public affairs.
It is a new position. Ms. Webb starts April 23.
Ms. Webb will be responsible for providing an independent assessment of CalPERS’ financial, compliance, legal, security, operational, reputational, political and strategic risks. She will report to Russell Fong, acting CFO. She will also provide day-to-day executive leadership for CalPERS’ enterprise risk management and enterprise compliance divisions, Mr. Pacheco said in a telephone interview.
“We wanted to strengthen our risk management and compliance within the system,” Mr. Pacheco said.
Ms. Webb was director of policy and risk management services at California Correctional Health Care Services.
