Board of trustees president Jeffery Blackwell has been appointed interim executive director of the Chicago Teachers’ Pension Fund (CTPF), following the retirement of interim executive director Mary Cavallaro.
A national search for a permanent executive director is under way and is being conducted by EFL Associates.
“The board of trustees has developed a transition and recruitment strategy for fund leadership,” said Blackwell. “This new role is a short-term bridge to ensure continuity of service to our valued members as we continue the search for a permanent executive director. My priority has always been and will continue to be the stability and success of the fund.”
Blackwell, a 22-year veteran of the Chicago Public Schools, was elected to represent teachers in 2010, and re-elected in 2013, 2016 and 2019. He has served as president of the CTPF board of trustees since 2018.
CTPF was valued at $11.2 billion at the end of the third quarter of 2020