Roger Ferguson Jr., the president and chief executive officer of Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA) , intends to retire from those posts March 31, TIAA announced earlier this week.
Ferguson has been TIAA’s president and CEO since 2008. Before that, he was head of financial services at Swiss Re and chairman of the company’s Swiss Re America Holding Corp. unit.
(Related: AIG Expands Roles of 2 Top Executives: Personnel Moves)
Ferguson has a bachelor’s degree from Harvard, a law degree from Harvard, and a doctorate in economics from Harvard. He got his start as a lawyer at Davis Polk & Wardwell LLP, and then as a consultant at McKinsey & Co.
He spent two years as a member of the Federal Reserve System board, and then seven years as the board’s chairman, before moving to Swiss Re.
Bloomberg and the Wall Street Journal have suggested that President-elect Joe Biden may nominate Ferguson to be the next U.S. Treasury secretary.
In other personnel moves news:
Thrivent, Minneapolis, has hired Stephen Kennedy to be senior vice president and chief operations officer.
Kennedy previously was head of operations at Allianz Life Insurance Company of North America. He has a bachelor’s degree from Monmouth College and a master’s degree in business from the University of Illinois.
He started out as an intern in the Illinois Department of Nuclear Safety before he became a manager trainee at American International Group in 1993 and left AIG as senior vice president for operations in 2016.
He holds the Chartered Financial Consultant and Chartered Life Underwriter professional designations.
The Scan Foundation, Long Beach, California, has named Dr. Sarita Mohanty to be its president and chief executive officer,
The foundation is a charitable organization that was created in 2008 with a $205 million one-time contribution from SCAN Health Plan, a nonprofit health coverage provider. It provides grant funding for other organizations that are trying to improve health care, long-term care and other services for older adults.
Mohanty succeeds Dr. Bruce Chernof, who is retiring.
Mohanty previously was vice president of care coordination for Medicaid and vulnerable populations at Kaiser Permanente.
Mohanty has a bachelor’s degree from the University of California-Berkeley, a medical degree from Boston University, a master’s degree in public health from Harvard, and a master’s degree in business from the University of California-Los Angeles.
She started out in medicine as a resident in internal medicine and primary care at Beth Israel Deaconess Medical Center in the Boston area.