CalPERS Names Robert D. Walton as Interim Chief Executive Officer.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Aug. 21, 2002 Robert D. Walton, a 27-year veteran of the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Public Employees' Retirement System (CalPERS) has been named its Interim Chief Executive Officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ). The CalPERS Board of Administration, which made the appointment today, expects to name a new CEO within the next two months after candidate interviews. Meanwhile, Walton will oversee the System's day-to-day operations. Walton is Assistant Executive Officer in charge of Governmental Affairs, Planning and Research, and the Customer Call Center. He began working for CalPERS in 1971. He also served with the state Department of General Services from 1974 to 1978. He will assume his new duties on September 1, 2002, following James E. Burton's departure from CalPERS after nearly eight years as its CEO. Burton will join the World Gold Council in London as Chief Executive Officer. "Bob Walton is an outstanding administrator who will keep CalPERS on course," said Dr. William D. Crist, CalPERS Board President. "He has vast experience with the organization and has been responsible over the years for many of its branches and divisions." Walton's most recent responsibilities include representing the pension fund with the California Legislature and working with its federal lobbyist in Washington, D.C. He also has overseen CalPERS strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , information security, and customer service. As Interim CEO, he will work closely with the CalPERS Board to administer the System's investment, retirement, and health benefit activities. Walton said he is not a candidate for the permanent CEO position. "I welcome the opportunity to maintain the level of performance that people have come to expect of CalPERS," Walton said. "With the help of my management team we will see a seamless transition until a permanent CEO comes aboard." During his CalPERS service, Walton has had responsibility for Fiscal Services, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Information Technology, the Health Benefits Program, Actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin Services, Field Services, and Administrative Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . A native of California, he received his bachelor's degree in business administration with an emphasis on accounting from California State University, Chico References 1. ^ "California State University, Chico", Yahoo! Education, 2006. Retrieved on 2006-12-28. , in January 1971. Walton resides in Folsom, California Folsom is a city in California, United States. Folsom is most commonly known by its famous Folsom Prison, and is a thriving suburb of Sacramento. As of 2007, the State of California's estimate of Folsom's population is 70,835. , with his wife, Patti. The Board also announced the appointment of Deputy General Counsel Peter Mixon as Acting General Counsel. Mixon will oversee the CalPERS Legal Office and provide advice to the Board and executive staff. Positions for the Deputy CEO and General Counsel will remain unfilled until after the Board selects the new Chief Executive Officer. Walton's duties as Assistant Executive Officer will be shared by other officers until he resumes that post. CalPERS is the nation's largest public pension fund, and provides retirement and health benefits to 1.3 million active and retired State and local public employees and their families. For further information on CalPERS, please visit the System's Web site at www.calpers.ca.gov. |
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