Joshua R. Cohen was named chairman of the Employee Benefit Research Institute's board of trustees.
Mr. Cohen, managing director of the institutional relationship group and head of institutional defined contribution at PGIM, the investment management businesses of Prudential Financial, will succeed Stacy L. Schaus, founder and CEO of Schaus Group, on Jan. 1. Ms. Schaus will remain actively involved on EBRI's executive committee as the immediate past chairwoman, the non-partisan, non-profit research institute announced Thursday.
"I have worked with Josh in many capacities over the years and am looking forward to his leadership of EBRI's board," said Lori Lucas, president and CEO at EBRI, in a news release. "Josh can always be counted on to offer perceptive, nuanced insights and candid perspective. He truly understands EBRI, its mission, and its vision, and will be invaluable in helping to guide us as we continue to take on new challenges such as consumer behavior, financial well-being, and public DC plan research."
EBRI also announced that Neil Lloyd, partner and head of U.S. DC and financial wellness research at Mercer, will serve as the board's vice chairman, succeeding Mr. Cohen in that role.
In addition, P. Brett Hammond, research leader of the client analytics group at the Capital Group, will succeed Mr. Lloyd as chairman of EBRI's research committee.
Lastly, the board named Kelly O'Donnell, executive vice president and head of workplace for Edelman Financial Engines, to its executive committee. She will replace Judith Mares, former deputy assistant secretary of labor for the Employee Benefits Security Administration, whose two-year term expires at the end of the year.
Each member will serve two-year terms that end in December 2022.