reported that two top executives at the State Teachers Retirement System (STRS) of Ohio have announced their exits, marking the latest in a series of high-level departures at the pension fund. The departures come amidst a tumultuous year for STRS, which has faced scrutiny over its handling of investments and leadership stability.
According to the report, Tim Myers, the chief investment officer, and Curt Davis, the deputy executive director, are both set to leave their positions. Myers, who has been with STRS since 2011, will depart at the end of the year, while Davis, who has been at the helm since 2019, will leave in November. Both executives played key roles in managing the fund’s $89 billion in assets.
The news of their departures has raised concerns about the future direction of STRS, as the pension fund grapples with internal turmoil and external pressures to deliver strong returns for its members. The exits also come at a time when the fund is facing increased scrutiny from state lawmakers and retirees over its investment practices and overall governance.
In response to the departures, STRS has appointed interim replacements to oversee the fund’s investment strategy and operations. The pension fund’s board of directors has stated that they are committed to ensuring a smooth transition and will be conducting a search for permanent replacements.
The exits of Myers and Davis mark the latest leadership changes at STRS, following the departure of former executive director Michael Nehf earlier this year. The pension fund is now tasked with restoring stability and rebuilding trust among its members as it navigates a challenging financial landscape.
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