|[March 08, 2013]
CalSTRS Appoints First Chief Operating Officer
WEST SACRAMENTO, Calif. --(Business Wire)--
The California State Teachers' Retirement System (CalSTRS) announced
today the appointment of Cassandra Lichnock as its first Chief Operating
Officer (COO), effective March 1, 2013.
Lichnock arrived at CalSTRS in 2008 from the California State Lottery to
serve as Human Resources Executive Officer. As COO, she oversees five
service branches, consisting of Benefits and Services, Human Resources,
Plan Design and Communication, Technology Services and BusinessRenew.
BusinessRenew is the CalSTRS long-term plan to integrate
organization-wide systems to improve business processes and mitigate
Chief Executive Officer Jack Ehnes said, "Cassandra has an amazing
ability to navigate many complex challenges, which is vitally important
as we move the organization forward. She's championed the development of
new oversight processes to enable CalSTRS to identify and manage risks
throughout the organization. She's also led thedevelopment,
implementation and monitoring of our long-term strategic plan."
"CalSTRS is working on several high-priority projects, which affect
multiple business areas simultaneously," Lichnock said. "As COO, I'm
thrilled to lead the coordination of several branches to ensure seamless
integration into our new, more efficient processes."
Lichnock has 22 years of experience in California state government and
has held a variety of key positions throughout her career with the
state, including serving as the director of human resources for the
California State Lottery. She began her state service in 1991, joining
the State Compensation Insurance Fund where she served in various
capacities. Read Cassandra's
State Teachers' Retirement System, with a portfolio valued at $161.4
billion as of January 31, 2013, is the largest educator-only pension
fund in the world. CalSTRS administers a hybrid retirement system,
consisting of traditional defined benefit, cash balance and voluntary
defined contribution plans. CalSTRS also provides disability and
survivor benefits. For 100 years, CalSTRS has served California's public
school educators and their families, who today number 862,000 from the
state's 1,600 school districts, county offices of education and
community college districts.
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