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Investors controlling $41tn (£29tn) in assets have called for governments around the world to end support for fossil fuels and set targets for rapid reductions in carbon emissions to limit the damage from global heating.
The six board members calling for the termination of the plan’s executive director and cio have withdrawn their motion.
A plan in the Midwest will seek board approval of scheduled transition and passive management RFPs next month.
The program will receive presentations from the finalists at an upcoming board meeting.
The plan will hear from two finalists for a second round of interviews.
The new CIO will lead the firm’s global equity platform and oversee investment teams.
The plan selected two firms to mitigate future volatility.
He will be responsible for selection of affiliated managers, product selections, team lift outs and assessing sustainability of fees and demand.
They will help manage the Asian income and diversified income bond funds.
The Deputy CEO will assume the CIO’s responsibilities.