CII Elects Board Members for 2024-2025 | Members Also Approve Statement on Index Provider Consultation Processes

Washington, D.C., March 7, 2024 — Aeisha Mastagni, California State Teachers’ Retirement System, was re-elected as board chair of the Council of Institutional Investors (CII) March 6. The other board officers for 2024-2025 are: Margaret Foran, Prudential Financial, co-chair; Michael McCauley, Florida State Board of Administration, co-chair; Tejal Patel, SEIU Affiliates’ Supplemental Retirement Savings Plan/SOC Investment Group, co-chair; Katy Hoffman, Teacher Retirement System of Texas, treasurer; and Michael Pryce-Jones, International Brotherhood of Teamsters, secretary.

The CII board members elected for 2024-2025* are:

Joe Aguilar, CIO, Office of the Illinois State Treasurer
Margaret Foran, Chief Governance Officer, SVP & Corporate Secretary, Prudential Financial
Drew Hambly, Investment Director, Global Equity, Head of Stewardship, California Public Employees' Retirement System
Tracy Harris, Trustee, District of Columbia Retirement Board
Katy Hoffman, Chief of Staff, Investment Management Division, Teacher Retirement System of Texas
Michael J. Howard, Trustee, Maryland State Retirement and Pension System
Margaret Madden, SVP, Corporate Secretary & Chief Governance Counsel, Pfizer
Aeisha Mastagni, Senior Portfolio Manager, California State Teachers’ Retirement System
Michael McCauley, Senior Officer, Florida State Board of Administration
John Mulè, Director of Legal and Legislative Policy, Minnesota State Board of Investment
Melanie Myers, Senior Associate Director, American Federation of Teachers
Yumi Narita, Executive Director of Corporate Governance, Office of the New York City   Comptroller
Jennifer O’Dell, Assistant Director, Corporate Affairs, Laborers’ International Union of North America
Tejal Patel, Executive Director, SEIU Affiliates’ Supplemental Retirement Savings Plan/SOC Investment Group
Michael Pryce-Jones, Co-Head, Capital Strategies, International Brotherhood of Teamsters

* new board members are in italics

Also on March 6, CII’s U.S. Asset Owner Members approved a new policy that urges index providers to engage in a robust public consultation process when they are contemplating significant changes to benchmark indexes. Currently, when an index provider considers these changes, procedures for how to notify the public, obtain input and be transparent with respect to that input are left to the index provider’s discretion. CII’s policy says robust consultations are characterized by, at the least, broad dissemination such as through press releases, timely posting of response letters and public posting of comments. CII believes that these consultations are needed to maintain credible public due process that serves the interests of investors and the capital markets generally.