October 18, 2012 ( The California Public Employees’ Retirement System (CalPERS) has named Cheryl Eason as its Chief Financial Officer (CFO).

In this newly created position, Eason will be responsible for managing the finance processes for CalPERS, including budgeting, accounting, cash management, and financial planning and analysis. She will also oversee initiatives to improve and strengthen the system’s risk management, compliance and ethics.

Eason will be part of CalPERS executive leadership team, provide consultation and advice to the system’s Board of Administration, and report to CalPERS Chief Executive Officer Anne Stausboll.  

Eason comes to the system with more than 25 years of financial management expertise in enterprise risk management and strategic and business planning in both the private and public sectors. She has held several senior executive positions throughout her career, most recently as vice president, Financial and Plan Board Services for the British Columbia Pension Corporation, one of the largest pension benefit administrators in Canada, and the largest in British Columbia.  

Eason holds an MBA from British Columbia’s Royal Roads University and is a Certified General Accountant. She has also earned the Retirement Plans Associate designation from Dalhousie University and the International Foundation of Employee Benefit Plans. Eason is a member of the Government Finance Officers Association and the Financial Executives International.  

CalPERSwith assets of approximately $243 billionis the largest public pension fund in the U.S.