NEW YORK July 23, 2018 – TIAA, a leading financial services provider, today announced the election of nine individuals to serve on the College Retirement Equities Fund (CREF) Board of Trustees following the conclusion of the CREF participant meeting on July 20. CREF is a SEC-registered investment company and the companion organization to TIAA, a New York-based life insurance company. The purpose of the CREF participant meeting was to elect nine Trustees to its Board. Each CREF Trustee is elected to serve a four-year term.
During the quadrennial CREF participant meeting, CREF participants elected the following individuals to the CREF Board of Trustees:
- Forrest Berkley
- Janice C. Eberly
- Nancy A. Eckl
- Michael A. Forrester
- Howell E. Jackson
- Thomas J. Kenny
- James M. Poterba
- Maceo K. Sloan
- Laura T. Starks
Earlier in the week, Roger W. Ferguson, Jr., president and chief executive officer of TIAA, met with CREF participants and provided a management update on the organization’s achievements and progress on serving its customers.
Separately, TIAA policyholders expressed support for the organization’s executive compensation policies through an advisory vote on the compensation of TIAA’s named executive officers. Preliminary results of the TIAA advisory vote on executive compensation show that the TIAA policyholders approved of the quality of TIAA's executive compensation plan and disclosure, including its connection to performance, achievement of TIAA’s business objectives and creation of long-term value for policyholders.
TIAA (www.tiaa.org) is a unique financial partner. With an award-winningi track record for consistent investment performance, TIAA (TIAA.org) is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has nearly $1 trillion in assets under management (as of 6/30/2018ii) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
Guarantees are subject to the claims paying ability of the issuing company. Payments from variable annuities will rise or fall based on investment performance.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
© 2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017