The $16 billion outlined contribution and outlined profit plans of Worldwide Paper could have a brand new chief come the tip of March.
Carol Tusch, at the moment the corporate’s deputy CIO, will take over the function of vice chairman of investments, overseeing Worldwide Paper’s pension plan, financial savings and different plan belongings, when present vice chairman of investments Bob Hunkeler retires on the finish of the quarter.
Tusch has been with Worldwide Paper since 1999 and has served as director of belief investments earlier than her time as deputy CIO. Previous to her tenure at Worldwide Paper, Tusch was a senior portfolio supervisor on the Verizon Funding Firm for 16 years, the place she managed greater than $1 billion in non-public market investments inside the agency’s U.S pension fund.
Tusch graduated from Fairfield College with a B.S. in finance, holds an MBA from the College of Connecticut and attended govt training programs on the Yale College of Administration, centered on ladies on boards.
Tusch will report back to Tim Nicholls, senior vice chairman and chief monetary officer, and can stay with the corporate’s funding workforce in Stamford, Connecticut.
Hunkeler, a acknowledged thought chief and lively contributor inside the institutional funding group, will proceed as a board member of CIEBA, the Committee on Funding of Worker Profit Belongings, which he as soon as chaired.
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Tags: Bob Hunkeler, Carol Tusch, CIEBA, Worldwide Paper
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