Robert P. Schultze was named president and CEO of ICMA-RC, effective Feb. 17.
Mr. Schultze has served as director of the $65.2 billion Virginia Retirement System, Richmond, since 2005.
Current ICMA-RC President and CEO Joan McCallen is retiring. “We are confident that Mr. Schultze’s talent and experience will be instrumental as he leads ICMA-RC to further our mission of helping public-sector employees build retirement security,” ICMA-RC spokesman Alex Hannah said in an e-mail.
VRS spokeswoman Jeanne Chenault said the VRS board will meet later this week about the opening and will hire a search firm.
Diana F. Cantor, VRS board chairwoman, in a statement said that Mr. Schultze “has overseen VRS during a period of rapid change and transition, and has maintained stability while bringing about significant improvements to and transformation of the plan. The commonwealth has benefited greatly from his knowledge and expertise.”
ICMA-RC has a total of $57.2 billion in assets under management and administration.