Newspaper article The Florida Times Union

Pension Fund to Fill Director Seat This Week; Board Will Interview Two Finalists Tuesday, Seek Feedback from City Council

Newspaper article The Florida Times Union

Pension Fund to Fill Director Seat This Week; Board Will Interview Two Finalists Tuesday, Seek Feedback from City Council

Article excerpt

Byline: David Bauerlein

One of the hottest seats in city government - executive director for the Police and Fire Pension Fund - will be filled Tuesday when the pension fund's board interviews two finalists flying in from Pennsylvania and Maryland.

The pension fund's board expects to select either Timothy Johnson, executive director of the Allegheny County Employees' Retirement System, or Corinne Koch, fund administrator for the International Painters and Allied Trades Industry Pension Fund.

The person who gets the nod will guide the pension fund as it transitions from the 25-year tenure of John Keane, who retired last year and still evokes strong feelings from those who praise or scorn his leadership.

Board Chairman Larry Schmitt said a national search attracted a strong field of applicants for the position, which will pay about $200,000 per year.

"I think we had excellent candidates, so narrowing it down to two was not easy," Schmitt said. "Either way we go, I think it's going to be a good decision."

The interviews Tuesday with Koch and Johnson will mark the board's second attempt at hiring a new executive director for managing the pension fund, which has about $1.4 billion in assets.

The pension fund's first try fizzled last November when Lynn Wenguer, who is head of the Fort Lauderdale Police and Fire Retirement System, withdrew from consideration after a consultant hired by the city issued a blistering report on the management of Jacksonville's Police and Fire Pension fund. The fallout from that report gave her second thoughts about coming to Jacksonville.

In recent weeks, Mayor Lenny Curry blasted the pension fund's board as "cronies" of Keane after the board sought the state attorney general's opinion about how much power the city General Counsel's Office has over the board's decision-making authority.

The contenders for executive director understand they would be entering into an unsettled situation, said Dan Cummings of EFL Associates, an executive search firm working with the pension fund.

"They know there is some fence-mending to be done, and I think both of them embrace that as a challenge," Cummings said. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.