For Individuals,For Plan Sponsors,Custom

ICMA-RC Board of Directors Selects New President and CEO

January 6, 2015

The ICMA-RC Board of Directors is pleased to announce it has chosen Robert Schultze (Bob) to become ICMA-RC's President and CEO, effective February 17, 2015. The appointment concludes an open and competitive recruitment process that began in 2014 after the current President and CEO, Joan McCallen, announced her plans to retire following 18 years of outstanding service to ICMA-RC.

Mr. Schultze is a well-established leader in the public sector retirement community and an authority on pension administration. He has been director of the Virginia Retirement System (VRS) since 2005. VRS is the 21st largest U.S. pension plan and the 49th largest pension plan in the world. VRS operates retirement and insurance programs for 600,000 state and local government employees, retirees and beneficiaries and for 1,000 state and local agencies in Virginia.  Additionally, Bob currently serves on the Governmental Accounting Standards Advisory Council (GASAC), a body that advises the GASB Board on governmental accounting rules.  He also is on the Executive Board of the National Association of Retirement Administrators (NASRA). From 1994 to 2005, Mr. Schultze served as Executive Commissioner of the Virginia Department of Taxation. Earlier, he was Staff Director to the Virginia House Appropriations Committee, Director of the Virginia Education Loan Authority, and Deputy Chief of Staff to Virginia Governor L. Douglas Wilder.

J. Thomas Lundy, Chair of the ICMA-RC Board of Directors, said "Bob Schultze is exceptionally qualified to lead ICMA-RC in achieving its mission of helping public sector employees build retirement security." He continued, "Bob has a proven allegiance to the public sector, has demonstrated successful leadership throughout his career, has thorough knowledge of retirement systems, and he is poised to continue ICMA-RC's innovative thinking on retirement security. We on the Board welcome his leadership and service, and look forward to working with him."

"My career has been spent serving the public sector, and I am honored to take on the role of President and CEO, as ICMA-RC shares the same core values as the public sector," said Bob Schultze. "With the support of the Board of Directors and the talented team of ICMA-RC associates, I look forward to furthering ICMA-RC's clear vision and excellent reputation as a trusted source of retirement plan services to state and local government employees."

At ICMA-RC, Mr. Schultze will lead an organization of over 750 associates committed to serving those who have devoted their careers to serving their communities. Founded in 1972, ICMA-RC is a non-profit independent financial services corporation that manages and administers more than $57 billion dollars in assets as of December 30, 2014. The organization focuses on providing retirement plans and related services for close to 1.2 million public sector participant accounts and over 9,000 retirement plans. All of ICMA-RC's services have been developed specifically for public sector retirement plan administrators and participants to fulfill the mission of helping local and state employees build retirement security.

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