Board of Administration Welcomes James B. Smith III to SDCERS’ Audit Committee

Date: Sep 23, 2013

 

The San Diego City Employees’ Retirement (SDCERS) Board of Administration has approved the appointment of James (Jim) B. Smith III to the Audit Committee. Smith, who succeeds Mike Collins, has been appointed to serve a four-year term as one of the Committee’s three independent members.

Smith has been a senior partner with the business consulting firm, The TriMentor Group, LLC, since 2002. He is an executive with more than 30 years of experience in automotive, financial services and technology-based industries. He has experience working in diverse organizational settings, including international operations and high technology environments, with a broad background in financial analysis and control, strategic planning including acquisitions and divestitures, organization and process redesign, restructuring and capital structuring analysis and venture capital financing.

Smith holds degrees of Masters of Science in Management from Alfred P. Sloan School of Management – Massachusetts Institute of Technology and a Bachelor of Science in Administration and Management from Carnegie Mellon University.

The SDCERS Audit Committee was established in October 2006 to provide oversight on the financial reporting process, the System’s internal controls and the independent auditing process. The Committee is comprised of three independent, non-board members and two trustees from the Board. Committee members are appointed to serve four-year terms, with a term limit of eight consecutive years, without compensation.

For more information about SDCERS’ Board of Administration, its Committees and its members, click here.

SDCERS administers defined benefit plans for the City of San Diego, the San Diego Unified Port District, and the San Diego County Regional Airport Authority, and provides service retirement, disability retirement, death and survivor benefits to more than 20,000 members. As of August 31, 2013, SDCERS had $6.1 billion in net investments. For more information about SDCERS, click here.
 




Document Under Categories: Board, Press Release

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