Senate committee confirms Carl Wilson and Lori Fleming for Utah boards

The Senate Retirement and Independent Entities Confirmation Committee convened on May 5, 2025, to discuss key gubernatorial nominations, including the reappointment of Carl Wilson to the Utah State Retirement Board and Lori Fleming to the Utah Housing Corporation Board of Trustees. The meeting, chaired by Senator Harper, began with the approval of previous minutes and quickly moved to the nominations, highlighting the importance of these roles in managing state assets and housing initiatives.

Carl Wilson, who has served on the Utah State Retirement Board for four years, provided an overview of his experience and the board's performance under his leadership. He emphasized the board's disciplined approach to investment management, particularly during volatile market conditions. Wilson noted that the Utah Retirement Systems (URS) has successfully navigated challenging economic cycles, thanks to its diversified investment strategies and long-term focus. He expressed gratitude for the opportunity to continue serving and underscored the board's commitment to protecting the interests of state employees and beneficiaries.

The committee members engaged in a brief discussion regarding Wilson's stability and the continuity of leadership within the board, particularly under the current Chief Investment Officer, John Shervin. The consensus was that the board has maintained a steady course, effectively managing risks and adapting to market changes without overreacting to short-term fluctuations.

Following Wilson's presentation, the committee unanimously voted to recommend his reappointment to the full Senate. The meeting then proceeded to discuss Lori Fleming's nomination for the Utah Housing Corporation Board of Trustees. Despite some delays in her connection, the committee moved forward with her nomination, also passing it unanimously.

The meeting concluded with a motion to adjourn, reflecting a smooth and efficient process in confirming key appointments that will impact Utah's retirement and housing sectors. The unanimous support for both nominees indicates a strong confidence in their abilities to contribute positively to their respective boards. As these appointments move to the full Senate for final approval, they represent critical steps in ensuring effective governance of Utah's retirement and housing systems.