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Deals and People May 10, 2011
Church Pension Fund Selects New CEO
May 10, 2011 (PLANSPONSOR.com) - The Church Pension Fund Board of Trustees has elected Mary Kate Wold to succeed T. Dennis Sullivan as President and CEO.
Reported by
Rebecca Moore
Wold is a finance and operating executive and former law firm partner who most recently served as Senior Vice President, Finance, and a Principal Corporate Officer of Wyeth, a pharmaceutical company, leading its Treasury, Tax, Procurement, and Business Process Outsourcing organizations.
According to a press release, as a member of the Wyeth Investment Committee, she was a fiduciary of that company’s multi-billion-dollar defined benefit and defined contribution plans and provided oversight of non-domestic plans. She was a trustee of Wyeth’s union pension plan. She also served on Wyeth’s Human Resources, Benefits, and Compensation Committee that had ultimate oversight responsibility for all of the company’s benefit and health care plans.
The Church Pension Fund consists of defined benefit plans for clergy and lay employees and 401(a) and 403(b) defined contribution plans for lay employees. It is a part of the Church Pension Group, serving the Episcopal Church.