David Teykaerts was named the new executive director of the $595 million CalSavers, California's retirement savings program, replacing Katie Selenski, who left in April, said Joe DeAnda, spokesman for California Treasurer Fiona Ma.
Ms. Selenski was recently joined the Defined Contribution Institutional Investment Association as a senior adviser.
Prior to being appointed CalSavers executive director by Ms. Ma, Mr. Teykaerts had been interim chief of stakeholder relations at the $468.3 billion California Public Employees Retirement System, Sacramento, filling in for Kelly Fox, who is now serving as CalPERS' interim chief of investor relations, said John Myers, CalPERS spokesman, in an email. Mr. Teykaerts had been assistant division chief for stakeholder relations at CalPERS. Cori Wong is now serving as interim assistant division chief for stakeholder relations, Mr. Myers said.
In 2012, California was the first state to pass legislation establishing an automatic enrollment retirement plan for private-sector workers without access to a workplace retirement plan.