June 2, 2023
DENVER—The Colorado PERA Board of Trustees on June 1 named Amy C. McGarrity as Interim Executive Director to lead the organization during its search process for its next Executive Director. McGarrity, PERA’s Chief Investment Officer and Chief Operating Officer, had been serving as Acting Executive Director Since March 8.
McGarrity has informed the Board that she will not be a candidate for the Executive Director position and will return to her role as CIO/COO upon completion of the executive search process.
Following McGarrity’s appointment, the Board announced its ad hoc committee to begin the search process.
The following trustees were appointed to the Ad Hoc committee:
“I appreciate that we have an excellent interim executive director in Amy McGarrity and a strong leadership team in place to ensure there is no interruption in service to our members and beneficiaries during the transition,” said PERA Chair Marcus Pennell. “Our previous executive director’s employment contract was set to expire on September 30, and PERA’s next 5-year strategic plan is scheduled to begin in 2024. The Board’s actions provide the opportunity to complete our existing plan and immediately begin the process of selecting an individual who will help develop and implement the next strategic plan.”