CalPERS hires headhunter for CEO search
CalPERS, the $278bn pension fund, has hired an executive search firm to find a new CEO.
It comes after Anne Stausboll announced last month that she would step down in June.
New York-based Heidrick & Struggles will help find Stausboll’s replacement.
The Californian pension fund saw its investment assets grow from $170bn to more than $278bn during Stausboll's tenure.
She took charge in January 2009 after CalPERS had lost nearly 30% of its investment assets in the financial crisis.
Her predecessor, Fred Buenrostro, pleaded guilty in 2014 to accepting kickbacks in return for steering investment dollars to certain private-equity firms.
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