Gov. Tony Evers has appointed Trustee Barbara Nick as chair of the SWIB Board of Trustees to succeed Trustee David Stein, whose term will end in May 2023. Gov. Evers also appointed Clyde Tinnen as the new vice chair, a position previously held by Trustee Nick. Trustee Stein will remain on the Board through the end of his term, which will facilitate a smooth transition and continue SWIB’s long-standing culture of strong governance and succession planning.
Nick was named to the Board in 2015 and was reappointed in 2021. She is the retired president and chief executive officer of La Crosse-based Dairyland Power Cooperative. She has over 40 years-experience in the electric and gas industry. Additionally, she has over 30 years of board service in energy, health care, and community. Nick is also the founder and CEO of Catto Enterprises, LLC, where she provides business and executive development services in the energy and manufacturing industries.
Tinnen, who joined the Board in 2021, is a corporate partner in the Milwaukee office of Foley & Lardner LLP. He represents fund sponsors in connection with the formation and operation of private investment funds, investments, and securities law reporting and compliance. Tinnen also advises public corporations in Exchange Act reporting, and public and private corporations in negotiating and structuring complex business transactions.
Stein, who is executive vice president and head of consumer and business banking for Green Bay-based Associated Banc-Corp., has served on the Board of Trustees since 2014 and had been serving as chair since 2016.
The SWIB Board of Trustees consists of nine members meeting specific membership requirements under state statutes. Click here to learn more about the Board of Trustees.
SWIB’s strong management of the WRS trust funds has helped fuel one of the only fully funded public pensions in the country for about 660,000 current and former employees of state agencies, the university system, school districts, and most local governments. The WRS consistently ranks among the 10 largest public pension funds in the U.S. SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs over the long term. As of Dec. 31, 2021, the WRS accounts for approximately 89% of the more than $165.6 billion of total assets under management at SWIB. In addition to the more than $147 billion in WRS trust funds, SWIB also serves the state by investing the State Investment Fund, University of Wisconsin System Trust Funds, Injured Patients and Families Compensation Fund, State Life Insurance Fund, and Historical Society Trust Fund. For more information about SWIB, visit www.swib.state.wi.us.