Plan Sponsor Council of America Announces Leadership Changes
CHICAGO, IL, May 2, 2017 -- The Plan Sponsor Council of America (PSCA) today announced that John M. (Jack) Towarnicky will join the organization as Executive Director. Tony Verheyen, who announced his intention to return to the private sector, will stay on during the transition.
"Jack brings both experience at employee benefits trade associations and with plan sponsors," said Stephen McCaffrey, PSCA Board Chairman. "After an extensive search, we are pleased to find a leader with deep experience who can continue the growth and success of our organization."
Most recently, Towarnicky was a visiting Assistant Professor of Management at Duquesne University. Prior to teaching, he served in a benefits compliance role at Willis, now Willis Towers Watson. Before Willis, he led the corporate benefits function at Nationwide Mutual Insurance Company. Jack also served in benefits leadership roles at several other Fortune 500 employers including Tenneco Oil E&P, Cooper Industries, and Marathon Oil. He has served on boards of several benefits trade associations including the American Benefits Council, World at Work, the Corporate Board of the International Foundation of Employee Benefit Plans, and the Council on Employee Benefits.
"I'm proud to join PSCA as Executive Director," said Towarnicky. "This unique role offers an opportunity to combine my plan sponsor knowledge, trade association leadership, and public policy skills. I look forward to working with the staff, the board, and member employers in continuing PSCA's mission to advance the interests of America's plan sponsors."
"I couldn't be more pleased that PSCA has found a successor who can continue to expand our work in Washington and across the country as a leading voice representing the plan sponsor community," said Verheyen. "I am confident he will work well with our staff and board to provide value to our members."
Verheyen expects to leave the organization on June 15. Said McCaffrey, 'Tony did an incredible job during his tenure. He successfully reorganized PSCA, expanded our outreach efforts, orchestrated our city events across the country, and focused us all on our mission to serve the Plan Sponsor community. We owe him a debt of gratitude for his leadership and service to PSCA."
PSCA also announced that Kenneth Raskin will chair PSCA's Board of Directors. He will assume a one-year term starting on June 1 with the potential to renew for a second year. Raskin succeeds Stephen McCaffrey, who has served as board chair since 2014.
"Ken brings excellent experience to his role as board chair," said Jack Towarnicky, Executive Director. "He has been a member of our board for three years and has spent more than 30 years working as an advocate for employers sponsoring employee benefit and executive compensation programs. We look forward to his leadership."
Raskin is a Partner at King & Spalding and chairs the firm's Employee Benefits & Executive Compensation Practice. Raskin also serves on King & Spalding's Retirement Plans Committee, which oversees the firm's retirement plans. Raskin is experienced in tax-qualified retirement plans and welfare benefit plans, assisting clients in maintaining IRS and ERISA compliance and in negotiating the resolution of qualification problems under the IRS's and DOL's compliance resolution programs.
Said Raskin, "I look forward to helping PSCA navigate potential challenges to participant-directed retirement plans and retirement savers as the new Administration implements its agenda. I've worked closely with my predecessor, Steve McCaffrey, who provided exemplary service to PSCA. I hope to continue his great work on behalf of America's plan sponsor community."
About the Plan Sponsor Council of America
The Plan Sponsor Council of America (PSCA) is a diverse, collaborative community of employee benefit plan sponsors, working together on behalf of millions of employees to solve real problems, create positive change, and expand on the success of America's voluntary, employer-sponsored retirement system. With members representing employers of all sizes, PSCA offers a forum for comprehensive dialogue. By sharing our collective knowledge and experience as plan sponsors, PSCA also serves as a resource to policymakers, the media, and other stakeholders as part of its commitment to improving retirement security for millions of Americans. For more information, visit www.psca.org.
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