CalSTRS was among a number of the largest institutional investors in the world announcing leadership changes earlier this month.
Cassandra Lichnock will take over as CEO on July 1 for the $299.8 billion California State Teachers' Retirement System.
The first woman to serve as the pension fund's CEO in its 108-year history, Ms. Lichnock will replace current CEO Jack Ehnes, who is retiring June 30.
Ms. Lichnock is currently CalSTRS' chief operating officer, having served in that position since March 2013.
She originally joined CalSTRS in August 2008 as human resources executive officer.
A CalSTRS spokeswoman said Ms. Lichnock will be recruiting for a replacement in her position as COO.
In March 2020, Mr. Ehnes originally announced his intention to retire in September 2020, but he delayed his retirement to continue leading the plan through the COVID-19 pandemic. He joined CalSTRS in 2002.