Susan Manske, vice president and chief investment officer of the $8.7 billion John D. and Catherine T. MacArthur Foundation, Chicago, will be retiring in June, she confirmed.
Manske has been the head of the investment office at the foundation since 2003.
Before joining the foundation, Manske spent two years as vice president and CIO, trust investments, at Boeing Co., Chicago, overseeing the investment management of that company’s retirement plan assets. She had previously spent 13 years with Ameritech Corp., Chicago, joining the telecommunications company (now a subsidiary of Dallas-based AT&T Inc.) in 1987 as a manager, fixed income, eventually ascending to the role of CIO from 1998 to 2000.
“For more than two decades, MacArthur has had the good fortune of Sue Manske managing our endowment,” said John Palfrey, president of the MacArthur Foundation, in a statement. “This is a very hard, unforgiving, results-oriented role. We all depend on the work of the investment office and have leaned on Sue and her trailblazing leadership for a wonderfully long time. During that period, she and her colleagues have put up stellar numbers, consistently and without exception.”
The foundation has posted a job listing for Manske’s successor. Executive search firm Heidrick & Struggles is assisting.
