SWIB Trustee Kristi Palmer has stepped down as a member of the Board of Trustees for SWIB.
Palmer, who was appointed to the Board in 2019 as the local government representative, recently announced her retirement as Marathon County Finance Director.
SWIB Board of Trustees Chair Clyde Tinnen said he is grateful for Palmer’s service to the Board, the WRS, and SWIB.
“On behalf of the Board of Trustees, I want to thank Kristi for her contributions and service,” Tinnen said. “Her dedication, along with her expertise, has helped SWIB continue to achieve success and fulfill its commitment to the more than 677,000 participants of the WRS.” Gov. Evers will appoint Palmer’s replacement.
The SWIB Board of Trustees consists of nine members meeting specific membership requirements under state statutes.
The Board of Trustees have a fiduciary responsibility to act solely in the best interest of the funds under management. They appoint the SWIB Executive Director/Chief Investment Officer and Internal Audit Director.
The Trustees also approve SWIB’s asset allocation, set the annual budget and performance benchmarks, establish and oversee the compensation program, and monitor performance.