NEW YORK—Financial services giant TIAA-CREF, the leading provider of retirement savings in the academic, research, medical, and cultural fields, has named veteran investor relations and corporate communications executive John Wilcox as senior vice president and head of corporate governance.
The announcement came just days after newspaper reports that TIAA-CREF chief financial officer Elizabeth Monrad could face civil fraud charges after a probe involving General Re, her former employer. A reinsurance transaction between General Re and AIG is under investigation and Monrad was granted a leave of absence this week.
In December, TIAA-CREF said the SEC was investigating a relationship between its auditor, Ernst & Young, and two former fund trustees.
Wilcox will oversee the corporate governance program at TIAA-CREF, one of America’s largest institutional investors. His responsibilities include monitoring the governance practices at companies in which TIAA-CREF invests, and assuring that the group’s own governing practices measure up to the standards the company advocates for its portfolio companies. He will report to executive vice president and general counsel George Madison and succeeds Peter Clapman, who is retiring but will continue to advise the company during the transition.
Wilcox joins TIAA-CREF from Georgeson Shareholder Communications, where he was vice chairman. During his 31 years with the firm, Mr. Wilcox specialized in corporate governance, investor communications, takeovers and control contests.