CalPERS Names Walton Interim CEO
The Board of Administration for CalPERS yesterday named Robert Walton as interim CEO, the San Francisco Chronicle reports. Walton, the former assistant executive officer and head of governmental affairs, succeeds James Burton, who is leaving to become the head of the World Gold Council in London. He begins his new position Sept. 1 and will be in charge of the fund's daily operations until a permanent CEO is named. Walton has said he does not wish to pursue the job permanently. CalPERS has contracted with an executive search firm to find a permanent CEO. The board hopes to interview candidates next month and make a final decision in October, the Chronicle reports. The board also appointed Peter Mixon, currently the fund's assistant general counsel, as acting general counsel. Mixon succeeds Kayla Gillan, who left in July to become the vice president of Independent Fiduciary Services in Washington, D.C. The two selections come at a "critical time" for CalPERS, as the board announced yesterday that the fund's assets have fallen to $138 billion -- the lowest point since 1997, when assets totaled $128 billion (Wallace, San Francisco Chronicle, 8/22).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.