Burton’s plans were first revealed last week in a PLANSPONSOR.com report about the personnel upheaval going on at the much-watched $150 billion California state pension fund.
Burton served as the CEO for nearly eight years. During the period, CalPERS assets grew from $78 billion to $140 billion.
CalPERS said it intends to name an interim chief executive and is on a path to bring forward a new permanent CEO within eight weeks.
Burton is slated to depart August 23 for the top World Gold Council slot. The London-based association, www.gold.org/ , represents the world’s leading gold mining companies, according to CalPERS.