Home
Governor Appoints Acuff as VRS Board Chair and Two New Members
RICHMOND, VA, June 13, 2008 — In May, Governor Timothy M. Kaine appointed A. Marshall Acuff, Jr. as chairman of the Virginia Retirement System Board of Trustees to serve a two-year term, ending May 2010. Acuff succeeds Paul W. Timmreck whose term as chairman expired in May, although Timmreck remains a member of the board through February 28, 2011.
In other actions, Governor Kaine appointed Robert L. Greene and Mitchell L. Nason as members of the board, effective April 25 and April 28, respectively.
Greene, who succeeds Frankie Hughes, is a principal in Syncom Venture Partners, a venture capital firm. In addition, Greene is the former president and chief executive officer of the National Association of Investment Companies (NAIC), the industry association for private equity firms that invests in America’s emerging domestic markets. Greene also was the co-founder and served as the inaugural president of The Marathon Club, a partnership between the Executive Leadership Council, NAIC and New America Alliance. Previously, Greene was the director of private equity with Arthur Andersen Transaction Advisory Services in Washington, D.C. Greene’s term on the board expires February 2012.
Nason, whose term expires February 2013, is a firefighter and an emergency medical technician with Prince William County Department of Fire and Rescue. Prior to this, he served as an analyst with the Virginia Department of Taxation. Nason succeeds former board member J. Douglas Conway, Jr. whose term expired.
Nine members serve on the VRS Board of Trustees. Their appointment is shared between the executive and legislative branches of state government. The governor appoints five members, including the chairman. The Joint Rules Committee of the Virginia General Assembly appoints four members and the General Assembly confirms all appointments. Of the nine board members, four must be investment experts; one must be experienced in employee benefit plans; one must be a local government employee; one must be an employee of a Virginia public institution of higher education; one must be a state employee; and one must be a public school teacher. The public employee members may be either active or retired.
VRS is the 24th largest public or private pension system in the U.S. with $58 billion in assets, serving almost 600,000 members, retirees and beneficiaries.
Back to top
