The California Public Employees’ Retirement System has appointed its first chief diversity, equity, and inclusion officer, the pension said in a statement this week.
Marlene Timberlake D’Adamo joined CalPERS in 2016 as chief compliance officer. In June last year she took on additional responsibility as interim CDEIO and will now fill the role (a new position) on a permanent basis.
The role in the pension’s own words: “The CDEIO will work across the enterprise and the investment office to foster a culture of equality, respect and inclusiveness. The CDEIO will partner with the environmental, social, and governance investment team to help identify and analyse emerging DEI issues and opportunities supported by sound investment methodology and academic research that may impact the CalPERS portfolio.”
The pension will start the search for a replacement chief compliance officer immediately.