SDCERS Names Gregg Rademacher as New Chief Executive Officer

Date: Jan 12, 2018


Gregg Rademacher has been selected to serve as the San Diego City Employees’ Retirement System's next Chief Executive Officer, taking over for Mark Hovey, who retired this month after eight years at the helm of the public employees pension system. SDCERS manages approximately $8 billion in assets for the benefit of over 20,000 active and retired employees of the City of San Diego, the San Diego Unified Port District and the San Diego County Regional Airport Authority. Mr. Rademacher served for the last 20 years as an officer of the Los Angeles County Employees’ Retirement Association, including 11 years as the Chief Executive Officer of that pension system. With over $53 billion in assets, LACERA, as it is known, is one of the largest public employee pension systems in California.
SDCERS Board President Valentine Hoy said, “Mr. Rademacher emerged from an extremely strong field of candidates as the Board's choice to be the next CEO. Mark Hovey would be a tough act for anyone to follow, but Gregg will be an experienced hand and we expect him to provide the integrity, leadership and mentoring for which he is known throughout the state. We feel very fortunate to have him in San Diego.”
Mr. Rademacher stated, “I am very proud of this opportunity to serve SDCERS. SDCERS has faced difficult challenges in the past, but in recent years, thanks to good board leadership and an outstanding professional staff, no pension system has accomplished more. I will be assuming leadership of an organization that is now fiscally strong and extremely well managed.”

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