News release Ricardo Duran

Council of Institutional Investors Re-Elects CalSTRS’ Anne Sheehan as Chair

WEST SACRAMENTO, CA – The public pension fund members of the Council of Institutional Investors (CII) have elected Anne Sheehan, of the California State Teachers’ Retirement System (CalSTRS), to a second yearlong term as chair.

Sheehan, the director of corporate governance at CalSTRS, will chair the 15-member board of CII, a nonprofit association of pension and other employee benefit funds, endowments and foundations. CII is a leading voice for good corporate governance and strong shareowner rights.

Sheehan joined CalSTRS in October 2008 to lead corporate governance strategy, having nearly three decades of senior management and leadership experience addressing complex legislative, regulatory and public finance issues.

Prior to CalSTRS, Sheehan served as chief deputy director for policy at the California Department of Finance, where she served on the CalSTRS board, in addition to appointments to more than 40 other high-profile state boards, commissions and public authorities. Sheehan also has Washington, D.C. policy experience, having served as the deputy assistant secretary for Congressional Affairs with the U.S. Department of Energy.

She is a member of the NASDAQ Listing Council and a board member of the Northern California Chapter of the National Association of Corporate Directors. Directorship magazine named Sheehan one of the 100 most influential people in corporate governance in 2008, 2009 and 2010. She is a graduate of the University of Colorado and lives in Sacramento.

In keeping with CII’s bylaws, Sheehan was elected chair by the organization’s public pension fund members. She was elected at CII’s 2013 Eye on Investors spring conference in Washington, D.C.

The California State Teachers’ Retirement System, with a portfolio valued at $163.7 billion as of March 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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