Douglas J. Brown, chief investment officer of energy corporation Exelon, is the new chairman of the Committee on Investment of Employee Benefit Assets (CIEBA), which has added several more CIOs to serve its ranks through 2020.
Brown is psyched to“help lead such an engaged and informed group of industry leaders.” He added that the institutional union will “continue to lead with advocacy and thought leadership on investment issues facing both defined benefit and defined contribution investment professionals.”
Brown succeeds Andrew Ward, CIO of aviation company Boeing. Ward will stay on the board of CEIBA, an organization of more than 100 corporate CIOs who manage over $2 trillion in assets.
“CIEBA is in a very strong position to continue to help CIOs with both day-to-day responsibilities and strategic long-term objectives, and Doug’s experience and judgment is the perfect fit for CIEBA moving forward, helping to lead CIEBA into the next decade,” said Ward.
The organization has also added American Beacon CIO Paul Cavazos as its vice chair and DTE Energy CIO Angela Buk as its treasurer.
CIEBA’s 2019-2020 CIO board roster includes Robin Diamonte (United Technologies), Alayne Gatti (Comcast NBCUniversal Spectacor), Robert Hunkeler (International Paper), Jay Laramie (PepsiCo), Jeff Lewis (FedEx), Laura Schumann (National Rural Electric Cooperative Association), Charles Van Vleet (Textron), and Jay Vivian, retired CIO from IBM.
“With our members providing leadership on a mix of defined contribution issues, like custom target date offerings and bespoke distribution approaches, and defined benefit issues, such as liability driven investing and sophisticated investment approaches, Doug’s CIEBA and industry experience puts us in a great position to move forward,” said Dennis Simmons, CIEBA’s executive director.