Press Release: Wespath Benefits and Investments Board of Directors Holds Organizing Meeting
September 15, 2016
For Immediate Release
Contact: Colette Nies, Managing Director, Communications
(847) 866-4296 or email@example.com
Glenview, IL—Wespath Benefits and Investments (Wespath) held a meeting of its members in Glenview, Illinois on September 7-9, 2016 to organize and elect its Board of Directors for the new quadrennium. Wespath’s Board consists of thirty two members—eight nominated by the Council of Bishops and elected at General Conference, sixteen members nominated by the Jurisdictional Conferences and eight members selected by the Wespath Nominating Committee. The Board also includes eight non-board (at-large) committee members selected by the Wespath Nominating Committee. The names of the Wespath Board are posted on the agency’s website.
Bishop Don Ott, retired episcopal leader in the North Central Jurisdiction, and Mr. Jerry Pinkerton, Nominating Committee Chairperson, organized the Board of Directors for the new quadrennium. The newly organized Board of Directors elected Bishop Robert Schnase of the Rio Texas Conference as Chairperson; Bishop Paul Leeland of the Western North Carolina Conference as Vice-Chair; and Reverend Tracy Bass of the Eastern Pennsylvania Conference as Recording Secretary. Barbara A. Boigegrain, who has served as General Secretary since 1994, was re-elected by the Board.
The Board began its meeting with worship and communion led by Reverend Dr. Gray Southern, and continued with training and education on its board governance process and fiduciary responsibilities. The Board also was briefed on the benefits plans and services provided to the denomination.
Barbara Boigegrain provided the history of the general agency and its evolution to Wespath Benefits and Investments. The Board toured the agency and held initial committee meetings as part of the orientation. The agency, which has been in existence for more than 100 years, focuses on “caring for those who serve” by providing benefits and investment services that enable over 100,000 clergy and lay workers to be secure during life’s transitions.
About Wespath Benefits and Investments
Wespath Benefits and Investments (Wespath) is a general agency of The United Methodist Church (UMC) with fiduciary responsibility for the benefit plans it administers and the assets it invests.
Prudent investment management decisions are an ongoing, long-term priority, supporting benefit plans for over 100,000 participants and approximately $20 billion in assets managed on their behalf, and that of many United Methodist-affiliated endowments, foundations and other institutions. This fiduciary obligation reflects the stated values of the Church and helps ensure financial, environmental and social sustainability across all investments.
A not-for-profit administrative agency of the UMC, Wespath Benefits and Investments is the largest reporting faith-based pension fund in the world, and among the top 100 pension funds in the United States. As a sustainable investor, Wespath Benefits and Investments, and its Wespath Investment Management division, are committed to active ownership through corporate and public policy engagement, proxy voting and the management of excessive sustainability risk.