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Theresa Taylor reelected board president; David Miller again chosen vice president
Summary
At a CalPERS Board of Administration meeting, members unanimously reelected Theresa Taylor as board president and selected David Miller as vice president in voice votes following nominations from board members.
Theresa Taylor was reelected president of the California Public Employees' Retirement System Board of Administration in a voice vote during the board's open session. The board also chose David Miller as vice president by voice vote.
The nominations opened after the board returned to open session following a CEO personnel briefing in closed session. Director Kevin Palki nominated Theresa Taylor; the nomination was seconded and, after a voice vote, President Taylor’s reelection was announced as unanimous. Taylor thanked the board for its trust and said she looked forward to leading the board “through this new reality.”
For vice president, Taylor nominated David Miller; Mr. Pacheco seconded the nomination and the board approved Miller by voice vote. Taylor then resumed the chair.
The votes were conducted by voice at the board chair's direction after confirming a quorum and noting that one director was participating remotely. The board recorded the voice ayes as unanimous for president; the record for vice president likewise showed unanimous support.
The results set the board's leadership for the coming year as the board moves into an education-focused agenda that includes sessions on portfolio construction, internal auditing standards, and generative AI.
