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The current president and ceo announced his intention to retire in January.
The plan extended the contract of its incumbent banking and investment services provider through 2023, which represents the final contract extension available.
The new finance head will extend the firm’s budgeting, planning and reporting capabilities and evaluate growth opportunities.
The fund added an investment analyst to help oversee its portfolio last month and promoted another investment analyst to senior investment analyst in June.
The plan is looking to invest up to $70 million total to passive equity managers.
The plan hired a new domestic small-cap growth equity manager after Voya Investment Management acquired the U.S. business of prior manager Allianz Global Investors.
He will be responsible for research, analysis and development of new strategy and product ideas.
The plan hired two active emerging markets equity managers to split the allocation.
Draft RFPs will be reviewed next month for scheduled publication in January.
The plan has issued an RFP seeking the services for its $103.5 million 457(b) plan.