CalPERS names Marcie Frost its new CEO
Sacramento, Calif. – The California Public Employees’ Retirement System (CalPERS) Board of Administration announced Marcie Frost as the Pension Fund’s new chief executive officer (CEO). Frost, 51, will replace former CalPERS CEO Anne Stausboll.
As CEO, Frost will oversee 2,870 employees and a budget of more than $1.7 billion. Several programs under Frost’s scope include healthcare delivery, retirement benefits, investments, finance and risk management, supplemental retirement programs, legislative affairs, actuarial services, stakeholder relations, and numerous support functions.
Frost, a native of Washington, has worked at the executive level in public pension administration, human resources and information technology. Frost most recently comes from Washington State Department of Retirement Systems, where she was the executive director. She is currently pursuing a dual bachelor’s and master’s degree in public administration from Evergreen State College.
“Marcie is a seasoned public pension fund administrator, and we couldn’t be happier that she will lead the Fund and be part of our CalPERS family,” said Rob Feckner, President of the CalPERS Board. “The selection of Marcie was unanimous by the CalPERS Board members involved. She has demonstrated throughout her career strong leadership and innovation, an emphasis on customer satisfaction, and team collaboration that will be fundamental to the future of CalPERS.”
Frost will start her new role with CalPERS on October 3, 2016. Doug Hoffner will serve as the interim CEO until that date.