Illinois State Universities Retirement System, Champaign, issued an RFP for an executive recruiting firm to assist in conducting a nationwide search to replace William E. Mabe, who is retiring as executive director.
SURS, which oversees $17.2 billion in defined benefit assets and $1.5 billion in 401(a) defined contribution assets, “expects to have final candidates for the position within 120 days after selection” of the executive search firm, according to the RFP, available on SURS' website. Proposals are due Oct. 17. The SURS board expects to make a decision on Oct. 30.
Mr. Mabe announced Sept. 22 that he plans to retire effective March 31.