Alliant Techsystems Inc., Arlington, Va., has no current plans to replace Judith Mares, former vice president and chief investment officer who left to become political deputy assistant secretary of labor for the Employee Benefits Security Administration.
Ms. Mares is replacing Michael Davis, who left in November 2012 to become senior vice president and head of stable value at Prudential Financial.
The CIO position at ATK has not been filled; Ms. Mares' duties are being handled by others on the investment staff at ATK's Minneapolis office, said Amanda Covington, spokeswoman. There is no timetable for replacing Ms. Mares, who oversaw the company's $2.2 billion defined benefit plan and $1.73 billion defined contribution plan.
At the EBSA, Ms. Mares will be deputy to Phyllis Borzi, assistant secretary of labor. According to an internal memo at the Labor Department obtained by Pensions & Investments, Ms. Borzi said Ms. Mares “brings a wealth of experience to the job, and she shares our strong commitment to improving benefits security for all of America's workers.”
While at ATK, Ms. Mares was a member of the Committee on Investment of Employee Benefit Assets' executive committee, and the plan sponsor advisory committee of the Defined Contribution Institutional Investment Association.
“I think she will be a good bridge between the plan sponsor and service provider communities,” Deborah Forbes, CIEBA executive director, said in an interview.