Theresa Whitmarsh, longtime executive director of the Washington State Investment Board (WSIB), is planning to retire Dec. 31, 2021. Whitmarsh joined the WSIB in 2003 and has served as top executive of the asset management agency for 12 years.
The WSIB manages $165 billion in assets for public retirement plans, state insurance funds, and other public trust assets serving state workers, teachers, police officers, firefighters, and other public employees and program beneficiaries.
The board has yet to announce a successor for Whitmarsh.
“Our goal is to put in place a strong and seamless transition that fully respects the investment process and proven capabilities of this organization,” said board chair Joel Sacks. “No one can expect a full replacement of Theresa’s exemplary leadership. Instead, we expect our next leader will bring their own distinct skills and vision to build a future based on what has been accomplished so well.”
