SAN FRANCISCO, Feb 18 (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday that Rob Feckner had been unanimously re-elected to a sixth term as its president.
Calpers, the $200 billion California Public Employees' Retirement System, also said in a statement that George Diehr had been re-elected vice president for a third year.
Feckner acknowledged Calpers, which provides retirement benefits for 1.6 million public sector employees, retirees and their families, faces a challenge recovering from steep investment losses.
'We have faced some formidable challenges in the last year but we view them as opportunities to strengthen our system,' he said in the statement.
Feckner, an executive vice president of the California Labor Federation, also sits on the Calpers board and on the pension fund's influential investment committee.
Although soft-spoken, Feckner has maintained Calpers as a leading activist among institutional investors on matters involving shareholders' rights and corporate governance.
(Reporting by Jim Christie, Editing by Chizu Nomiyama) Keywords: FINANCIAL CALPERS/ (jim.christie@thomsonreuters.com; Tel: +1-415-677-2539; Reuters Messaging: jim.christie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Calpers, the $200 billion California Public Employees' Retirement System, also said in a statement that George Diehr had been re-elected vice president for a third year.
Feckner acknowledged Calpers, which provides retirement benefits for 1.6 million public sector employees, retirees and their families, faces a challenge recovering from steep investment losses.
'We have faced some formidable challenges in the last year but we view them as opportunities to strengthen our system,' he said in the statement.
Feckner, an executive vice president of the California Labor Federation, also sits on the Calpers board and on the pension fund's influential investment committee.
Although soft-spoken, Feckner has maintained Calpers as a leading activist among institutional investors on matters involving shareholders' rights and corporate governance.
(Reporting by Jim Christie, Editing by Chizu Nomiyama) Keywords: FINANCIAL CALPERS/ (jim.christie@thomsonreuters.com; Tel: +1-415-677-2539; Reuters Messaging: jim.christie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.