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Governor Appoints Sheehy to VRS Board
Richmond, VA September 25, 2009 - Governor Timothy M. Kaine appointed Colette Sheehy to the Virginia Retirement System (VRS) Board of Trustees to serve a five-year term, ending February 2014. Sheehy succeeds Judith Ewell, whose term expired.
Sheehy has held the position of vice president for management and budget at the University of Virginia since 1993. She serves as the university’s senior budget officer and oversees the functions of the chief facilities officer, the director of the budget, the director of procurement services, the director of space and real estate management and the director of state governmental relations. She began her career at the university in 1982 and held various positions with the university before being appointed to her current position.
A native of New Jersey, Sheehy earned a Bachelor of Arts degree in economics from Bucknell University and a Master’s degree in business administration with a concentration in finance from Rutgers University Graduate School of Management.
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.
VRS is the 24th largest public or private pension system in the U.S. with $47 billion in assets, serving nearly 600,000 members, retirees and beneficiaries.
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