(Bloomberg) – The California Public Employees’ Retirement System, the largest U.S. pension fund, named Marcie Frost, 51, as its new chief executive officer.

[Image credit: Bloomberg]
[Image credit: Bloomberg]

Frost most recently served as executive director of the Washington State Department of Retirement Systems and will start with Calpers, which oversees about $301 billion, on Oct. 3, replacing Anne Stausboll, who retired at the end of June, according to a statement Thursday.

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