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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4716)	8/12/2002 9:11:22 AM
From: LLCF	Read Replies (1) \| Respond to of 39344

This is interesting: CalPERS CEO Moves to Top Post At the World Gold Council 8/12/2002 8:00:00 AM SACRAMENTO, Calif., Aug 12, 2002 (BUSINESS WIRE) -- James E. Burton, Chief Executive Officer of the California Public Employees Retirement System today announced he will leave the System August 23, 2002 to assume new duties as Chief Executive Officer of the World Gold Council. Mr. Burton had previously announced his planned departure by year-end. "This new challenge provides an excellent opportunity for me to use my investment experience and leadership capabilities to help this organization refine and achieve its strategic imperatives," Burton said of his new post. "Gold has excellent prospects for the future, and I am excited by the challenge of educating investors on its attributes." The CalPERS Board of Administration expects to name an interim CEO shortly, and is on schedule to identify Burton's permanent successor within the next two months. Burton served as the CEO for nearly eight years. Under his leadership, CalPERS assets grew from $78 billion to $140 billion. Among his lasting accomplishments are the organization's commitment to strategic planning, emphasis on quality service for customers, inclusion of stakeholders input in major policy decisions, expansion of the corporate governance program to the international arena, and dedication to high performance as well as growth and development of System staff. CalPERS is the nation's largest public pension fund. The System provides retirement and health benefits to 1.3 million 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. DAK