Executive search firm Heidrick & Struggles of Chicago has been called in to find a new executive director to lead the nation’s 10th largest public pension fund-the $61.2 billion State of Wisconsin Investment Board (SWIB).
Pat Lipton announced her retirement in December, after 14 years as executive director, and stepped down in January.
David Mills, who has spent the last 11 years as deputy secretary of the state’s Employee Trust Funds, is filling her shoes temporarily. SWIB’s new executive director will be responsible for overseeing the pension fund’s day-to-day operations, as well as setting an overall tone for its investments and investment strategy.
Meanwhile, another pension fund has filled a vacancy.
Chris Reilly was named Colorado Public Employees’ Retirement System’s director of alternative investments, in charge of overseeing the pension fund’s $2.7 billion private equity portfolio.
Reilly joined CoPERA’s alternative investments group in 2001 and most recently served as one of its portfolio managers.
He replaces Kevin Kester, who left the organization in December.