Robert D. Walton, a 27-year veteran of CalPERS will hold the CEO position for the next two months, while the CalPERS Board of Administration interviews potential candidates for the permanent position.
Last month, James E. Burton, former CEO of CalPERS, announced his plans to resign on August 23 and assume new duties as CEO of the World Gold Council. Walton plans to assume the role on September 1. As Interim CEO, he will work closely with the CalPERS Board to administer the System's investment, retirement, and health benefit activities.
Walton is Assistant Executive Officer in charge of Governmental Affairs, Planning and Research, and the Customer Call Center. He began working for CalPERS in 1971. He says he is not a candidate for the permanent CEO position.
"Bob Walton is an outstanding administrator who will keep CalPERS on course," says Dr. William D. Crist, CalPERS Board President. "He has vast experience with the organization and has been responsible over the years for many of its branches and divisions."
According to a spokesperson, the board also named Peter H. Mixon, deputy general counsel for CalPERS, as acting general counsel to manage CalPERS' legal office and provide advice to the board and executive staff.
Over the past several months, many CalPERS executives have announced that they will resign. James H. Gomez, deputy executive officer, and Kayla Gillan, general counsel, both resigned recently. In addition, Daniel M. Szente resigned as chief investment officer to take a job in the private sector.
CalPERS assets, which were about $177 billion two years ago, were reported earlier this month at around $145 billion.
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