Jack Ehnes, CalSTRS CEO, is delaying his retirement until June 30, 2021, said Thomas Lawrence, spokesman for the $243.2 billion pension fund.
Mr. Ehnes announced at the board's March 5 meeting that he planned to retire Sept. 1.
Mr. Ehnes postponed his retirement to enable the California State Teachers' Retirement System, West Sacramento, in part, to maintain focus on its response to the coronavirus crisis. The CEO's decision will also allow CalSTRS officials to delay the search for a new CEO "to ensure the most thorough and competitive process possible," according to a written statement from CalSTRS.
