Gov. Jerry Brown announced today that he has appointed a lawyer and a former deputy state treasurer, both Democrats, to the California State Teachers' Retirement System board.
The CalSTRS appointees, Brown's office said in a release, reflect the Democratic governor's commitment to "appointing individuals with greater independence and stronger financial backgrounds to public retirement boards."
Paul Rosenstiel, 61, of San Francisco, is chairman of the California Budget Project, which advocates for low- and middle-class residents. Rosenstiel, a principal at De La Rosa & Co. Investment Bankers, was deputy state treasurer from 2007 to 2009 and policy director for Steve Westly's gubernatorial campaign in 2006.
Michael Lawson, 58, of Los Angeles, was a partner at the law firm Skadden, Arps, Slate, Meagher & Flom LLP from 1995 to 2011 and was a staff attorney at the federal Pension Benefit Guaranty Corp. earlier in his career. The Harvard Law School graduate is on the Morehouse College board of trustees.
The CalSTRS positions require Senate confirmation and pay a $100 per diem.