Pension fund CalSTRS gets first woman CEO

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CalSTRS is America’s second-largest pension fund, with a 75% female membership.

Lichnock will take over the top role on July 1, after current CEO Jack Ehnes retires on June 30.

Lichnock joined CalSTRS in August 2008 as the human resources executive officer and has served as its chief operating officer since March 2013.

Founded in 1913, CalSTRS is the largest educator-only pension fund in the world with about $299.8 billion in assets under management as of the end of April.