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On April 8, the TRS Board of Trustees appointed Stan Rupnik to serve as the interim
executive director of TRS. Stan, who joined TRS in April 2003, is also the chief invest-ment
officer and was recently recognized by Money Management Letter as a leader
in the public fund investing community. He will serve as interim director until a
permanent executive director is hired.
Stan is a graduate of the University of Illinois, receiving both an undergraduate degree
in economics and a Master of Business Administration from the Urbana-Champaign
campus. He has also a CFA Charterholder and has held various investment-related
roles including portfolio management, equity research, and credit analysis. Prior to
TRS, he was associated with GE Asset Management in Stamford, Connecticut and Wayne Hummer
Investments in Chicago, Illinois.
He is married, has two children, and resides in Springfield, Illinois.
Chief Investment Officer Named Acting Executive Director
Six Board of Trustees Members Appointed by Gov. Quinn
Illinois Governor Pat Quinn has appointed six new
members to the TRS Board of Trustees. The action
was taken in accordance with Public Act 96-0006,
a wide-ranging pension ethics law approved
April 3. The law terminated the terms of three sit-ting
appointed trustees. A fourth appointed seat
was vacant.
Governor Quinn appointed the following trustees
to serve on the Board on an acting basis pending
advice and consent of the Illinois Senate:
Matthew Berns is an attorney at Hu-Friedy
Manufacturing, a Chicago firm that makes den-tal
equipment. Berns serves on the company’s
401(k) committee.
Michael D. Busby is a former vice president of
Watson Wyatt Worldwide, a global consulting firm
specializing in employee benefits, technology solu-tions,
and financial services. Busby has extensive
experience in the pension industry.
Livia M. Kiser is a senior litigation associate at
Latham Watkins, LLP in Chicago. Kiser has extensive
legal experience in consumer class action defense
suits and securities litigation. Prior to attending law
school, Ms. Kiser served on her local school board.
Sidney Marder is a professional engineer and former
member of the Illinois Pollution Control Board. He
served as the State of Illinois Director of Energy and
executive director of the Illinois Regulatory Group,
an affiliate of the State Chamber of Commerce that
specialized in environmental matters.
Janice Reedus is vice president of administration
and finance at Fenwick High School in Oak Park,
Illinois. Reedus previously served as a senior vice
president of Bank of America.
Sonia Walwyn serves as vice president of the Midwest
region for Keane Organization, which provides
compliance and risk management solutions to cor-porations,
mutual funds, and financial institutions.
Upcoming Board Meetings
All meetings are held at the TRS office, 2815 West Washington Street, Springfield, Illinois.
This schedule is subject to change.
• July 31, 2009 – Executive Director
Search Committee
• August 12-14, 2009
• October 28-30, 2009
• December 9-11, 2009
• January 28, 2010 – Opportunity Forum
• January 29, 2010 – Stakeholder Forum
• February 24-26, 2010
• April 21-23, 2010 – Retreat
• May 19-21, 2010
• June 24-25, 2010 (Tentative)
Board actions can be found on
our Web site, trs.illinois.gov.
