News Releases https://www.calstrs.com/news-releases Read all current and past CalSTRS news releases dating to 1998. en Melissa Norcia announced as new CalSTRS CAO https://www.calstrs.com/news-release/melissa-norcia-announced-new-calstrs-cao <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Norcia joined CalSTRS in 2009 and has served as the director of human resources for the last 6 years </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/rebecca-foree">Rebecca Forée</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (September 7, 2021) – The California State Teachers’ Retirement System (CalSTRS), the world’s largest educator-only pension fund, today announced the appointment of Melissa Norcia as the chief administrative officer (CAO). She replaces Lisa Blatnick, who became CalSTRS’ chief operating officer in August 2021. Norcia’s first day as CAO will be September 15, 2021.</p><p><a href="https://www.calstrs.com/news-release/melissa-norcia-announced-new-calstrs-cao" target="_blank">read more</a></p> News release 2021 News Releases Home news carousel News Releases What's New Tue, 07 Sep 2021 16:24:00 +0000 William Yee 6519 at https://www.calstrs.com CalSTRS Board commits to net zero investment portfolio https://www.calstrs.com/news-release/calstrs-board-commits-net-zero-investment-portfolio <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (September 1, 2021) – The Teachers’ Retirement Board (TRB) today committed to achieving net-zero greenhouse gas emissions across its investment portfolio by 2050 or sooner, aligning with the science-based targets of the Paris Agreement.</p> <ul> <li>Commitment aligns with accelerated global movement to net zero and will enable Fund to prudently manage risk and identify net zero aligned investment opportunities</li> <li>Four-part implementation framework will guide path to net zero emissions</li> <li>The net zero pledge is rooted in our promise to deliver a secure retirement for California’s educators</li></ul><p><a href="https://www.calstrs.com/news-release/calstrs-board-commits-net-zero-investment-portfolio" target="_blank">read more</a></p> News release 2021 News Releases News Releases Wed, 01 Sep 2021 17:52:00 +0000 William Yee 6518 at https://www.calstrs.com Lisa Blatnick announced as new CalSTRS COO https://www.calstrs.com/news-release/lisa-blatnick-announced-new-calstrs-coo <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Blatnick joined CalSTRS in 2003 and has served as the chief of administrative services for the last 6 years </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (August 4, 2021) – The California State Teachers’ Retirement System (CalSTRS), the world’s largest educator-only pension fund, today announced the appointment of Lisa Blatnick as chief operating officer. She replaces <a href="/news-release/cassandra-lichnock-announced-new-calstrs-ceo">Cassandra Lichnock</a>, who became CalSTRS’ chief executive officer on July 1, 2021. Blatnick’s first day as COO will be August 16, 2021.</p><p><a href="https://www.calstrs.com/news-release/lisa-blatnick-announced-new-calstrs-coo" target="_blank">read more</a></p> News release 2021 News Releases News Releases Wed, 04 Aug 2021 15:40:00 +0000 William Yee 6508 at https://www.calstrs.com CalSTRS reports 27.2% net investment return for fiscal year 2020–21 https://www.calstrs.com/news-release/calstrs-reports-272-net-investment-return-fiscal-year-2020-21 <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Historic fund performance exceeds 30-year return assumption and sets an all-time record </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/rebecca-foree">Rebecca Forée</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (July 26, 2021) — The California State Teachers’ Retirement System (CalSTRS) today announced a 27.2% net return on investments for the 2020–21 fiscal year, a record high that far exceeded the investment assumption of 7.0%. Growth was driven by strong performance across all markets, despite the global pandemic. As of June 30, 2021, the total fund value was $308.6 billion—double the value from just 10 years ago.</p><p><a href="https://www.calstrs.com/news-release/calstrs-reports-272-net-investment-return-fiscal-year-2020-21" target="_blank">read more</a></p> News release 2021 News Releases News Releases Mon, 26 Jul 2021 21:07:00 +0000 William Yee 6500 at https://www.calstrs.com Statement on third CalSTRS-backed director joining ExxonMobil board https://www.calstrs.com/statement/statement-third-calstrs-backed-director-joining-exxonmobil-board <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (June 3, 2021) – CalSTRS issued the following statement today regarding the preliminary voting results at ExxonMobil’s Annual Shareholder Meeting in which a third director nominated by Engine No. 1 and supported by CalSTRS from the beginning was elected by shareholders to the ExxonMobil board:</p> <p>Shareholders have the power to effect change at even the most resistant companies and contribute to the sustainable value of their investments.</p> <p>This historic board election will strengthen ExxonMobil for the future.</p><p><a href="https://www.calstrs.com/statement/statement-third-calstrs-backed-director-joining-exxonmobil-board" target="_blank">read more</a></p> Statement 2021 News Releases News Releases Fri, 04 Jun 2021 00:30:00 +0000 William Yee 6474 at https://www.calstrs.com Statement on CalSTRS-backed directors joining ExxonMobil board https://www.calstrs.com/statement/statement-calstrs-backed-directors-joining-exxonmobil-board <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (May 26, 2021) – CalSTRS issued the following statement today regarding the voting results at ExxonMobil’s Annual Shareholder Meeting in which at least two directors nominated by Engine No. 1 and supported by CalSTRS from the beginning were elected by shareholders to the ExxonMobil board:</p> <p>We called for change at ExxonMobil, and a record number of shareholders, including many of the largest investors in the world, voted to hold the company accountable.</p><p><a href="https://www.calstrs.com/statement/statement-calstrs-backed-directors-joining-exxonmobil-board" target="_blank">read more</a></p> Statement 2021 News Releases News Releases Wed, 26 May 2021 18:16:00 +0000 William Yee 6473 at https://www.calstrs.com Cassandra Lichnock announced as new CalSTRS CEO https://www.calstrs.com/news-release/cassandra-lichnock-announced-new-calstrs-ceo <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> She will be the first female CEO in the pension fund’s 108-year history </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (May 19, 2021) – The Teachers’ Retirement Board (Board) announced the appointment of Cassandra Lichnock as the new chief executive officer of the California State Teachers’ Retirement System (CalSTRS). CalSTRS is the world’s largest educator-only pension fund, with a 75% female membership. Lichnock will serve as the fund’s first female CEO, an important milestone demonstrating the Board’s commitment to diversity and inclusion. Her first day as CEO will be July 1, 2021.</p><p><a href="https://www.calstrs.com/news-release/cassandra-lichnock-announced-new-calstrs-ceo" target="_blank">read more</a></p> News release 2021 News Releases News Releases Wed, 19 May 2021 16:17:00 +0000 William Yee 6470 at https://www.calstrs.com Statement on proxy advisor support for alternate ExxonMobil director slate https://www.calstrs.com/statement/statement-proxy-advisor-support-alternate-exxonmobil-director-slate <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (May 18, 2021) – CalSTRS issued the following statement today following reports issued by proxy advisors Glass Lewis and Institutional Shareholder Services (ISS) recommending shareholders support the alternate director slate for ExxonMobil submitted by investment firm Engine No. 1 and supported by CalSTRS in December:</p> <p>It’s time for change at ExxonMobil, and change is coming.</p><p><a href="https://www.calstrs.com/statement/statement-proxy-advisor-support-alternate-exxonmobil-director-slate" target="_blank">read more</a></p> Statement 2021 News Releases News Releases Tue, 18 May 2021 20:17:00 +0000 William Yee 6463 at https://www.calstrs.com CalSTRS announces new low-carbon transition readiness investment in global equity markets https://www.calstrs.com/news-release/calstrs-announces-new-low-carbon-transition-readiness-investment-global-equity-markets <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> CalSTRS will be one of the largest investors in new BlackRock exchange-traded fund suite </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (April 9, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced its investment in two new low-carbon transition readiness exchange-traded funds (ETF). The BlackRock U.S. Carbon Transition Readiness ETF and the BlackRock World ex U.S. Carbon Transition Readiness ETF <a href="https://www.businesswire.com/news/home/20210409005295/en/BlackRock-Launches-Two-New-Carbon-Transition-ETFs-Underpinned-by-Proprietary-Climate-Analytics">began trading yesterday</a> and are one of the largest ETF launches in history. These ETFs address market risks and opportunities associated with the global transition to a low-carbon economy while also closely tracking the performance of the broad equity market.</p><p><a href="https://www.calstrs.com/news-release/calstrs-announces-new-low-carbon-transition-readiness-investment-global-equity-markets" target="_blank">read more</a></p> News release 2021 News Releases News Releases Fri, 09 Apr 2021 22:04:00 +0000 William Yee 6447 at https://www.calstrs.com Mastagni elected to Council of Institutional Investors’ board of directors https://www.calstrs.com/statement/mastagni-elected-council-institutional-investors-board-directors <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> CalSTRS portfolio manager previously served with CII from 2015–2019 </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (March 16, 2021) – The California State Teachers’ Retirement System (CalSTRS) today announced that portfolio manager Aeisha Mastagni was elected to the board of directors for the Council of Institutional Investors (CII).</p><p><a href="https://www.calstrs.com/statement/mastagni-elected-council-institutional-investors-board-directors" target="_blank">read more</a></p> Statement 2021 News Releases News Releases Tue, 16 Mar 2021 20:35:00 +0000 William Yee 6423 at https://www.calstrs.com CalSTRS addresses corporate sustainability and business continuity after extraordinary year https://www.calstrs.com/news-release/calstrs-addresses-corporate-sustainability-and-business-continuity-after-extraordinary <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Seventh annual sustainability report highlights enterprise risk management in first half of 2020 </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (March 3, 2021) – The California State Teachers’ Retirement System today released its <a href="/2019-20-sustainability-report">2019–20 Sustainability Report</a>. The report follows the Global Reporting Initiative (GRI) Standards, which are recognized as the global best practices for corporate sustainability reporting.</p><p><a href="https://www.calstrs.com/news-release/calstrs-addresses-corporate-sustainability-and-business-continuity-after-extraordinary" target="_blank">read more</a></p> News release 2021 News Releases News Releases Wed, 03 Mar 2021 21:08:00 +0000 William Yee 6415 at https://www.calstrs.com Statement on ExxonMobil’s loss of $22 billion in 2020 https://www.calstrs.com/statement/statement-exxonmobils-loss-22-billion-2020 <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (February 3, 2021) – ExxonMobil’s reported 2020 loss of $22 billion demonstrates the continued erosion of shareholder value and that incremental changes are not enough to restore investor confidence and position the company for the global energy transition.</p><p><a href="https://www.calstrs.com/statement/statement-exxonmobils-loss-22-billion-2020" target="_blank">read more</a></p> Statement 2021 News Releases News Releases Thu, 04 Feb 2021 00:34:00 +0000 William Yee 6396 at https://www.calstrs.com CalSTRS appoints Teresa Schilling as Chief Public Affairs Officer https://www.calstrs.com/news-release/calstrs-appoints-teresa-schilling-chief-public-affairs-officer <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (January 21, 2021) – The California State Teachers’ Retirement System, the world’s largest educator-only pension fund, announced the appointment of Teresa Schilling as Chief Public Affairs Officer effective January 25.</p><p><a href="https://www.calstrs.com/news-release/calstrs-appoints-teresa-schilling-chief-public-affairs-officer" target="_blank">read more</a></p> News release 2021 News Releases News Releases Thu, 21 Jan 2021 21:15:00 +0000 William Yee 6387 at https://www.calstrs.com Lamont King appointed Assistant General Counsel for Investments https://www.calstrs.com/news-release/lamont-king-appointed-assistant-general-counsel-investments <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/amy-norris">Amy Norris</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (January 5, 2021) – Lamont King was appointed Assistant General Counsel for Investments for the California State Teachers’ Retirement System effective December 14, 2020.</p><p><a href="https://www.calstrs.com/news-release/lamont-king-appointed-assistant-general-counsel-investments" target="_blank">read more</a></p> News release 2021 News Releases News Releases Wed, 06 Jan 2021 07:03:00 +0000 William Yee 6378 at https://www.calstrs.com Scott Chan elected to Toigo Governing Board of Directors https://www.calstrs.com/news-release/scott-chan-elected-toigo-governing-board-directors <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/amy-norris">Amy Norris</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (December 21, 2020) – Scott Chan, CalSTRS Deputy Chief Investment Officer, was elected to the Toigo Governing Board of Directors, effective January 1, 2021.</p> <p>The <a href="https://toigofoundation.org/">Toigo Foundation</a> fosters career advancement and increased leadership presence of underrepresented talent in the financial industry.</p><p><a href="https://www.calstrs.com/news-release/scott-chan-elected-toigo-governing-board-directors" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 21 Dec 2020 23:55:00 +0000 William Yee 6369 at https://www.calstrs.com CalSTRS selected as a best place to work in money management for sixth time https://www.calstrs.com/news-release/calstrs-selected-best-place-work-money-management-sixth-time <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Award marks fifth consecutive recognition for CalSTRS. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (December 14, 2020) – The California State Teachers’ Retirement System today announced it was named a Best Place to Work in Money Management in 2020 by <em>Pensions &amp; Investments</em> magazine.</p> <p><em>Pensions &amp; Investments</em>, the global news source of money management, recently presented the results of its latest annual survey and recognition program, which is dedicated to identifying and recognizing the best employers in the money management industry.</p><p><a href="https://www.calstrs.com/news-release/calstrs-selected-best-place-work-money-management-sixth-time" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 14 Dec 2020 22:15:00 +0000 William Yee 6362 at https://www.calstrs.com Statement on alternate board members for ExxonMobil https://www.calstrs.com/statement/statement-alternate-board-members-exxonmobil <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (December 7, 2020) – CalSTRS issued the following statement today regarding its intention to support an alternate slate of board members for ExxonMobil being put forth by Engine No. 1:</p> <p>As the world’s largest educator-only retirement fund, CalSTRS’ investment and engagement decisions are rooted in our mission to deliver a secure pension to California’s public educators. CalSTRS intends to support Engine No. 1’s <a href="https://reenergizexom.com/board-candidates/">alternate director slate for ExxonMobil</a> to equip the board with the relevant skills and experience to strengthen long-term performance, resiliency and strategic positioning.</p><p><a href="https://www.calstrs.com/statement/statement-alternate-board-members-exxonmobil" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Mon, 07 Dec 2020 15:46:00 +0000 William Yee 6360 at https://www.calstrs.com CalSTRS names April Wilcox as director of investment services https://www.calstrs.com/news-release/calstrs-names-april-wilcox-director-investment-services <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (October 19, 2020) – The California State Teachers’ Retirement System today announced the appointment of April Wilcox as the new director of investment services. Wilcox will oversee the business support units of the Investments Branch, including operations, performance, compliance and administration. The position reports directly to Chief Investment Officer Christopher J. Ailman.</p><p><a href="https://www.calstrs.com/news-release/calstrs-names-april-wilcox-director-investment-services" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 19 Oct 2020 15:54:00 +0000 William Yee 6313 at https://www.calstrs.com CalSTRS supports California Climate Investment Framework https://www.calstrs.com/statement/calstrs-supports-california-climate-investment-framework <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (September 24, 2020) –&nbsp;CalSTRS worked closely with the Department of Finance in the development of the <a href="http://dof.ca.gov/Reports/Other/documents/Climate_Investment_Framework_Final_v9-21-20-600pm.pdf">California Climate Investment Framework</a>. We are pleased that the Governor and the Framework recognize CalSTRS’ leadership in sustainable investing. The report reflects the high importance we place on managing climate risks and seeking opportunities to invest in climate solutions. CalSTRS’ legacy of climate reporting preceded and currently exceeds the requirements of SB 964. We will continue to lead in helping the state of California achieve its climate goals through the implementation of the Climate Investment Framework, and the CalSTRS Low-Carbon Transition Work Plan.</p><p><a href="https://www.calstrs.com/statement/calstrs-supports-california-climate-investment-framework" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Thu, 24 Sep 2020 19:37:00 +0000 William Yee 6295 at https://www.calstrs.com Governor announces appointment to CalSTRS board https://www.calstrs.com/news-release/governor-announces-appointment-calstrs-board-4 <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (August 13, 2020) – The California State Teachers’ Retirement System announced that Governor Newsom has appointed Jennifer Urdan to a four-year term on the <a href="/board-members">California State Teachers’ Retirement Board</a>. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under CalSTRS.</p><p><a href="https://www.calstrs.com/news-release/governor-announces-appointment-calstrs-board-4" target="_blank">read more</a></p> News release 2020 News Releases News Releases Thu, 13 Aug 2020 15:32:00 +0000 William Yee 6270 at https://www.calstrs.com