Kevin B. Huber, executive director of the Chicago Public School Teachers' Pension & Retirement Fund, will resign effective Dec. 31, the pension fund announced Tuesday. Mr. Huber was diagnosed with cancer in January and has been on medical leave since May.
He “has decided to leave the fund so he can focus full time on fighting cancer,” said a plan statement.
EFL Associates was hired by the fund's board to assist in a national search for candidates to fill Mr. Huber's position.
Mr. Huber joined the now-$10.8 billion fund in 1999 as chief financial officer and was promoted to executive director in 2005.
Peter A. Driscoll, the fund's interim executive director, will stay on with the fund through March to ensure a smooth transition.
“Our trustees thank Mr. Huber for the outstanding leadership and guidance he has provided our fund during the past 16 years,” said Jay C. Rehak, president of the CTPF board of trustees, in a CTPF statement. “As CFO and then as executive director, he has worked tirelessly on behalf of our members and our staff, and has set a high standard for our fund. He brought a rare combination of professional and interpersonal skills to this position and we will miss him greatly."
Messrs. Huber and Driscoll couldn't be reached for comment.
