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   LACERA ANNOUNCES SELECTION OF NEW CEO  
   
 

GREGG RADEMACHER NAMED CEO OF THE LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION (LACERA)
Pasadena, CA The LACERA Boards of Retirement and Investments announce their unanimous selection of Gregg Rademacher as LACERA's next Chief Executive Officer. Rademacher succeeds Marsha D. Richter, who is retiring in October after leading the $34 billion fund for the past 12 years.

Rademacher has been the association's Assistant Executive Officer since July 1996. He joined LACERA in 1991 as a Fiscal Officer in the Retirement Accounting Division. Prior to LACERA, he was on staff at Ernst & Young, LLP. Rademacher is a certified public accountant and holds a Bachelor of Science in Business Administration from California State University, Northridge.

Members of LACERA's Board of Retirement and Board of Investments praise Rademacher for the outstanding leadership he exhibited as Assistant CEO. Richter notes that during the past ten years, Rademacher has demonstrated an unflagging commitment to LACERA's mission of paying and protecting the benefits promised to LACERA members. She states the Boards' selection of Rademacher from such an impressive field of candidates is testimony to his readiness to lead LACERA into a challenging tomorrow.

Heidrick & Struggles, a nationally recognized executive search firm, assisted in LACERA's nationwide CEO search.

LACERA administers and manages the retirement fund for the County of Los Angeles, the largest county retirement system in the United States. Headquartered in Pasadena, the association serves more than 144,000 members.

8/10/06

 
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