Marzion Interim CEO at CalPERS

CalPERS yesterday named Kenneth W. Marzion to succeed Fred Buenrostro as chief executive of what is the country's largest pension fund. Buenrostro recently said  he wouldl retire at the end of June after six years to pursue opportunities in the private sector.

Marzion, a 32-year veteran of CalPERS, most recently served as assistant executive officer of the actuarial and employer services branch where he oversaw services to more than 2,500 state, school, and public agency employers. His career includes posts in three other divisions, including fiscal services, member services, and benefit services divisions.

“We appreciate Ken agreeing to serve as interim CEO and look forward to working with him," said CalPERS president Rob Feckner in a statement issued yesterday at the start of what is to be the board's four-day meeting. "His extensive knowledge of CalPERS and his well-known staff leadership and talent will serve our system well during the transition and provide stable guidance for the day-to-day operations as the Board focuses on its major priorities, including the recruitment for a permanent CEO.” 

“I welcome the opportunity to serve and am committed to providing a seamless transition and guidance for the operations for as long as the board may need,” said Marzion.