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Nine Trustees Elected to CREF Board
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
i The Lipper Large Fund Award is given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37), 11/30/16 (34) and 11/30/17 (34) with at least five equity, five bond, or three mixed-asset portfolios. Note this award pertains to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. Securities offered through Nuveen, LLC, and TIAA-CREF Individual & Institutional Services, LLC, members FINRA and SIPC.
ii Based on $999 billion of assets under management across Nuveen Investments affiliates and TIAA investment management teams as of 3/31/18.