Douglas Hoffner will become CalPERS’ interim CEO effective July 1, a news release said.
Mr. Hoffner will take on the role following the June 30 retirement of current CEO Anne Stausboll, while officials of the $294.1 billion California Public Employees’ Retirement System, Sacramento, search for a permanent replacement.
Mr. Hoffner is CalPERS’ deputy executive officer for operations and technology. He oversees human resources, information technology, strategic planning, diversity and inclusion, and operations.
"Doug is a natural choice and will do an excellent job leading CalPERS until we name a permanent CEO," said Rob Feckner, CalPERS board president, in the news release. "Our recruitment is going extremely well and we have strong candidates. We expect to conclude the process in the coming weeks."
CalPERS hired executive search firm Heidrick & Struggles in February to assist with the search.
A CalPERS spokesman could not immediately be reached for additional information.