Santos H. Kreimann was named CEO of the Los Angeles County Employees Retirement Association, Pasadena, Calif., effective Nov. 16, according to statement by the $58.4 billion pension fund.
Mr. Kreimann was selected after "an extensive national search," said Alan J. Bernstein, chairman of LACERA's board of retirement, in the statement.
Mr. Kreimann's "high-level executive leadership and expertise in budgeting, customer service, and operations for the County of Los Angeles are directly applicable to the needs of LACERA," said Shawn R. Kehoe, board of investments chairman, in the same statement.
LACERA terminated its former CEO, Lou Lazatin, effective June 7, after seven months in the position. Steven P. Rice, LACERA's chief counsel, took on the CEO duties and responsibilities in the interim. Mr. Rice will return to his work as the pension fund's chief counsel.
Mr. Kreimann was Los Angeles County's chief deputy assessor. He will be LACERA's second permanent CEO since the October 2017 retirement of Gregg Rademacher. Ms. Lazatin was appointed LACERA's new CEO in November 2018, taking on the role from interim CEO Robert R. Hill.