featured graphic for California State Treasurer Fiona Ma during COVID-19

State Treasurer Fiona Ma praises hiring of Cassandra Lichnock as CEO of CalSTRS

California State Treasurer Fiona Ma, who serves as a board member of CalSTRS, released the following statement on the hiring of Cassandra Lichnock as the Chief Executive Officer:

“Congratulations to Cassandra Lichnock for making history! She is the first female Chief Executive Officer of CalSTRS since it began 108 years ago.

Cassandra is a wonderful choice. She has the skills, experience, and knowledge to lead CalSTRS to even greater heights as it fulfills its critical mission of serving our dedicated, retired teachers.

During her eight years as Chief Operating Officer for CalSTRS, Cassandra compiled a record of success, keeping CalSTRS on track to meet its goals, while leading transformational change. Now she is in an even better position to continue leading change.

I commend my colleagues for engaging in a thorough global search that attracted a highly qualified pool. It’s reassuring to know that with Cassandra at the helm, CalSTRS will continue to benefit from exceptionally high quality leadership.”

CalSTRS, the California State Teachers’ Retirement System, was established by law in 1913 to provide retirement benefits to California’s public school educators from prekindergarten through community college. Today, CalSTRS is the largest educator-only pension fund in the world, and the second largest pension fund in the U.S. The market value of the CalSTRS investment portfolio was approximately $299.8 billion as of April 30, 2021.

This article was released by Office of the California Treasurer.