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Leadership & Governance

Leadership & Governance

Governance of The Church Pension Fund (CPF) is provided by a 25-member Board of Trustees, 24 of whom are elected by General Convention of the Episcopal Church. CPF's CEO and President is elected by the Board and serves as the 25th member of the Board of Trustees. The Board is responsible for making policy decisions affecting investment strategy and policy, pension benefits and the services and benefits offered by the affiliated companies of the Church Pension Group.

Members of the board consist of lay and ordained church leaders, experienced investment managers, healthcare experts, business and professional leaders, attorneys and accountants. Their varied and expert leadership provide guidance to CPF and the affiliated companies that comprise the Church Pension Group, continuing our tradition of providing comprehensive benefits to those who serve the Episcopal Church.

CPG’s executive leadership team works closely with the Board of Trustees in determining the strategic direction of CPG and its affiliated companies.

The Church Pension Fund Board of Trustees, elected by General Convention, represents the broad diversity of the Episcopal Church. General Convention elects 24 of our trustees in rotating terms of six years, with a two-consecutive-terms limit on service. The President and CEO of The Church Pension Fund is elected by the CPF Board and serves as the 25th trustee.

 

The Rt. Rev. Thomas James Brown
Chair, The Church Pension Fund Board
Bishop, Diocese of Maine
Portland, ME

Canon Kathryn Weathersby McCormick
Vice Chair, The Church Pension Fund Board
Canon for Administration and Finance (retired)
Diocese of Mississippi
Jackson, MS

The Rt. Rev. Brian N. Prior
Vice Chair, The Church Pension Fund Board
Bishop, Episcopal Church in Minnesota
Minneapolis, MN

Martha Bedell Alexander
Former Legislator
North Carolina House of Representatives
Charlotte, NC

Canon Rosalie Simmonds Ballentine
Attorney, Law Office of
Rosalie Simmonds Ballentine, P.C.
St. Thomas, U.S. Virgin Islands

The Rt. Rev. Diane M. Jardine Bruce
Bishop Suffragan, Diocese of Los Angeles
Irvine, CA

The Very Rev. Sam Candler
Dean, The Cathedral of Saint Philip
Diocese of Atlanta
Atlanta, GA

The Rt. Rev. Clifton Daniel III
Dean
The Cathedral Church of St. John the Divine
New York, NY

Delbert C. Glover, Ph.D.
Vice President (retired)
DuPont
Providence, RI

The Rt. Rev. Julio Holguin
Bishop (retired)
Diocese of the Dominican Republic
Venice, FL

Ryan K. Kusumoto
President and CEO
Parents And Children Together
Honolulu, HI

The Very Rev. Tracey Lind
Dean (retired)
Trinity Cathedral
Cleveland, OH

Kevin B. Lindahl
Deputy Executive Director and General Counsel
Fire and Police Pension Association
Denver, CO

Sandra F. McPhee
Attorney
Law Offices of Sandra Ferguson McPhee
Wilmette, IL

The Rev. Dr. Timothy J. Mitchell
Rector, Church of the Advent
Louisville, KY

Margaret A. Niles
Partner, K&L Gates LLP
Seattle, WA

Yvonne O'Neal
Social Justice Advocate
New York, NY

Solomon S. Owayda
Founding Partner, Mozaic Capital Advisors
Boston, MA

The Rt. Rev. Gregory H. Rickel
Bishop, Diocese of Olympia
Seattle, WA

The Rev. Austin K. Rios
Rector, Saint Paul's Within the Walls
Convocation of Episcopal Churches
Rome, Italy

Sandra S. Swan, D.L.H.
President Emerita
Episcopal Relief and Development
Chocowinity, NC

Canon Anne M. Vickers, CFA
Canon for Finance and Administration
Episcopal Diocese of Southwest Florida
Parrish, FL

Linda Watt
US Ambassador (retired)
Former Chief Operating Officer, DFMS 
Weaverville, NC

The Rev. Canon Dr. Sandye A. Wilson
Former Chief Operating Officer
Saint Augustine’s University
South Orange, NJ

Mary Kate WoldMary Katherine Wold
CEO and President
The Church Pension Fund
New York, NY

 

 

Mary Kate Wold
CEO and President

Frank P. Armstrong
Executive Vice President
Chief Operating Officer

Clayton D. Crawley
Executive Vice President
Chief Church Relations Officer

Maria E. Curatolo
Executive Vice President
Chief Administrative Officer

Patricia S. Favreau
Executive Vice President
Chief Communications Officer

Ellen M. Taggert
Executive Vice President
Chief Financial Officer & Treasurer

The Rev. Canon Anne Mallonee
Executive Vice President
Chief Ecclesiastical Officer

Nancy L. Sanborn
Executive Vice President
Chief Legal Officer & Secretary of CPG

Roger A. Sayler
Managing Director and
Chief Investment Officer


Biographies

Frank P. Armstrong

Mr. Armstrong is Executive Vice President and Chief Operating Officer for the Church Pension Group (CPG). He is responsible for providing strategic leadership and direction for all client-facing programs and business operations. Prior to this, he served as Senior Vice President, Benefits Policy, and Chief Actuary of CPG since 2011.

Before joining CPG, he served as a Managing Principal and Practice Leader for the Eastern Region for Hewitt Associates’ Health Management  Practice, where he served as lead consultant to CPG. Prior to this, he was an actuarial consultant for Buck Consultants and an actuarial associate for US Life Insurance Company.

He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. He holds a BA from Rutgers University.

Clayton D. Crawley

The Rev. Clayton Crawley is Executive Vice President and Chief Church Relations Officer for the Church Pension Group (CPG). He is responsible for strengthening CPG’s ties with the Domestic and Foreign Missionary Society, General Convention, and other groups and stakeholders around the Church. He joined CPG in 1999.

Previously, Fr. Crawley led CPG’s technology program and served as Chief Information Officer. Prior to this, he was the Associate Rector of All Saints Episcopal Church, Palo Alto, California. He has more than 25 years of ordained ministry experience and currently serves as a non-stipendiary priest at St. Bartholomew's Parish and Trinity Church Wall Street in New York City. 

He holds an MDiv from the Church Divinity School of the Pacific.

Maria E. Curatolo

Ms. Curatolo is Executive Vice President and Chief Administrative Officer for the Church Pension Group (CPG). She is responsible for Human Resources, Facilities/General Services, and Corporate Sustainability. Ms. Curatolo joined CPG in 1997.

Prior to joining CPG, she worked for IMS, a wholly owned subsidy of Dun & Bradstreet Corporation, where she was responsible for all Human Resource activities for the Pharma Division. She previously was a Vice President Human Resources at Continental Insurance, where she was responsible for Compensation and Benefits, Employee Relations, and Corporate Human Resource Operations.

She holds a master’s degree from City College of New York.

Patricia S. Favreau

Ms. Favreau is Executive Vice President and Chief Communications Officer for the Church Pension Group (CPG). She is responsible for the delivery of CPG’s communication strategies, including corporate communications, product marketing, and internet strategy. Ms. Favreau joined CPG in 2008.

Prior to joining CPG, she served as president of a brand strategy, consulting, and product development firm with clients ranging from not-for-profits to major international companies. Before that, she worked at New York Life, where she managed new market development, product positioning, and customer relationship management as Chief Marketing Officer of its Life & Annuity business.

She holds a BA from Amherst College and a JD degree from the University of Virginia School of Law.

Ellen M. Taggart

Ms. Taggart is Executive Vice President, Chief Financial Officer (CFO), and Treasurer for the Church Pension Group (CPG). She is responsible for directing the corporate financial management of CPG, overseeing CPG’s enterprise-wide project management program, managing CPG’s corporate risk management process, and overseeing CPG’s information technology.

She started at CPG as a consultant in 2003 and joined CPG in 2004 as Vice President, Shared Services,in the Finance Department.

Prior to assuming her current position, Ms. Taggart was Senior Vice President, Strategic Planning and Project Management. Before CPG, she served as a Senior Vice President of Finance and CFO at Dun & Bradstreet, where she worked for 17 years with businesses across the United States, Europe, Latin America, and the Asia-Pacific region.

She holds a BS from the University of Maryland.

The Rev. Canon Anne Mallonee

The Rev. Canon Anne Mallonee is Executive Vice President and Chief Ecclesiastical Officer for the Church Pension Group (CPG). She serves as an ambassador for CPG and is a key advisor to the organization. She joined CPG in 2014.

Immediately prior to joining CPG, she served as Vicar of Trinity Church Wall Street in New York City for ten years. Ordained for over 30 years, her ministry has been at the diocesan level and in campus, parish, and cathedral settings.

She holds a BA from the University of Kansas and a MDiv from Berkeley Divinity School at Yale University.

Nancy L. Sanborn

Ms. Sanborn is Executive Vice President, Chief Legal Officer, and Secretary for the Church Pension Group (CPG). She is responsible for managing the legal department and providing strategic legal and business advice regarding CPG’s businesses, including transactions, contracts, regulatory compliance, and litigation. She also serves as the corporate secretary for all of the CPG companies and supervises outside legal counsel. She joined CPG in 2011.

Prior to working for CPG, Ms. Sanborn was a partner at Davis Polk & Wardwell LLP in the Mergers and Acquisitions Department. She previously worked at JP Morgan.

She holds a BA in Economics and Mathematics from Bowdoin College and a JD degree from Columbia Law School.

Roger A. Sayler

Mr. Sayler is Executive Vice President, Managing Director, and Chief Investment Officer. He is responsible for overseeing the investment programs for The Church Pension Fund, The Church Insurance Companies, Church Life Insurance Corporation, and related entities. He joined CPG in 2014.

Prior to joining CPG, he served as Chief Operating Officer at Columbia Management Group. Before that, he spent 20 years at J.P. Morgan Investment Management Inc., where, as Managing Director, he headed such areas as Structured Equity Portfolio Management and Mutual Funds, and served as global head of derivatives.

He holds an undergraduate degree from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

Executive Committee

The Executive Committee has been established by the Board of Trustees to exercise the powers and authority of the Board of Trustees, with limitations as set forth in its Charter, during the intervals between meetings of the Board of Trustees, when, based on the business needs of The Church Pension Fund and its affiliates, collectively the Church Pension Group, it is desirable for the Board of Trustees to meet but the convening of a special meeting of the Board of Trustees is not warranted, as determined by the Chair of the Board of Trustees

It is the general intention that all substantive matters in the ordinary course of business be brought before the full Board of Trustees for action, but the Board of Trustees recognizes the need for flexibility to act on substantive matters where action may be necessary between meetings of the Board of Trustees, which, in the opinion of the Chair of the Board of Trustees, should not be postponed until the next scheduled meeting of the Board of Trustees.

Committee Members

The Rev. Thomas James Brown, Chair
Canon Kathryn Weathersby McCormick, Vice Chair
The Rt. Rev. Brian N. Prior, Vice Chair
Martha Bedell Alexander
Delbert C. Glover, Ph.D.

The Very Rev. Tracey Lind
Margaret A. Niles
Solomon S. Owayda
Mary Katherine Wold

Investment Committee

The Investment Committee has been established by the Board of Trustees to assist the Board of Trustees in fulfilling its fiduciary responsibility for oversight of the investment assets of The Church Pension Fund (CPF), its affiliates, and The Episcopal Church Clergy and Employees’ Benefit Trust and, collectively with CPF and its affiliates, collectively the Church Pension Group (CPG), that support the benefit programs and businesses of CPG, and to perform such other duties as are delegated to it by the Board of Trustees.

Committee Members

Solomon S. Owayda, Chair
Kevin B. Lindahl, Vice Chair
The Rev. Thomas James Brown
The Rev. Sam Candler
The Rev. Dr. Timothy J. Mitchell
Margaret A. Niles

The Rev. Austin K. Rios
Sandra S. Swan, D.L.H.
Canon Anne M. Vickers, CFA
The Rev. Canon Dr. Sandye A. Wilson
Mary Katherine Wold

Audit Committee

The Audit Committee has been established by the Board of Trustees to assist the Board of Trustees in fulfilling its fiduciary responsibility for oversight of the quality and integrity of the accounting, auditing, reporting, risk management, and compliance practices of The Church Pension Fund and its affiliates, collectively the Church Pension Group (CPG), and to perform such other duties as are delegated to it by the Board of Trustees. Consistent with this purpose, it is the responsibility of the Audit Committee to maintain free and open means of communication among the Board of Trustees, the independent auditors, the internal auditors, and the senior management of CPG.

Committee Members

Delbert C. Glover, Ph.D., Chair
Canon Rosalie Simmonds Ballentine, Vice Chair
The Rt. Rev. Diane M. Jardine Bruce
The Rev. Sam Candler
The Rt. Rev. Clifton Daniel III
Sandra F. McPhee

The Rev. Dr. Timothy J. Mitchell
Yvonne O'Neal
Canon Anne M. Vickers, CFA
Linda Watt
The Rev. Canon Dr. Sandye A. Wilson

Benefits Policy Committee

The Benefits Policy Committee has been established by the Board of Trustees to assist the Board of Trustees in fulfilling its fiduciary responsibility for oversight of the policies of The Church Pension Fund and its affiliates, collectively the Church Pension Group (CPG), regarding retirement, disability, health, and life insurance benefits provided by CPG to clergy and lay employees of the Episcopal Church and certain members of the Anglican Communion and their families, and any other matters relating to any such benefits that are delegated to it by the Board of Trustees.

Committee Members

The Very Rev. Tracey Lind, Chair
Sandra F. McPhee, Vice Chair
Martha Bedell Alexander
The Rt. Rev. Julio Holguin
Kevin B. Lindahl
Canon Kathryn Weathersby McCormick

Yvonne O'Neal
The Rt. Rev. Brian N. Prior
The Rt. Rev. Gregory H. Rickel
The Rev. Austin K. Rios
Mary Katherine Wold

Compensation, Diversity, and Workplace Values Committee

The Compensation, Diversity, and Workplace Values Committee has been established by the Board of Trustees to assist the Board of Trustees in fulfilling its fiduciary responsibility for oversight of the policies and practices of The Church Pension Fund and its affiliates, collectively the Church Pension Group (CPG), relating to aspects of employee remuneration, including compensation, benefits, and perquisites as specified in this Charter, as well as the diversity and workplace values of CPG, and to perform such other duties as are delegated to it by the Board of Trustees.

Committee Members

Martha Bedell Alexander, Chair
The Rt. Rev. Diane M. Jardine Bruce, Vice Chair
Canon Rosalie Simmonds Ballentine
The Rev. Thomas James Brown

Ryan K. Kusumoto
Canon Kathryn Weathersby McCormick
The Rt. Rev. Brian N. Prior

Finance Committee

The Finance Committee has been established by the Board of Trustees to assist the Board of Trustees in fulfilling its fiduciary responsibility for oversight of the financial management of The Church Pension Fund, its affiliates collectively the Church Pension Group (CPG), and The Episcopal Church Clergy and Employees’ Benefit Trust, to perform such other duties as are delegated to it by the Board of Trustees.

Committee Members

Margaret A. Niles, Chair
Ryan K. Kusumoto, Vice Chair
The Rt. Rev. Clifton Daniel III
Delbert C. Glover, Ph.D.
The Rt. Rev. Julio Holguin
The Very Rev. Tracey Lind

Solomon S. Owayda
The Rt. Rev. Gregory H. Rickel
Sandra S. Swan, D.L.H.
Linda Watt
Mary Katherine Wold