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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.

Mary Kate Wold
CEO and President

Frank Armstrong
Executive Vice President
Chief Operating Officer

Clayton Crawley
Executive Vice President
Chief Information Officer

Maria Curatolo
Executive Vice President
Chief Administrative Officer

Patricia Favreau
Executive Vice President
Chief Communications Officer

Daniel Kasle
Executive Vice President
Chief Financial Officer & Treasurer

Anne Mallonee
Executive Vice President
Chief Ecclesiastical Officer

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

Roger A. Sayler
Managing Director and
Chief Investment Officer


Biographies

Frank Armstrong

Mr. Armstrong is the EVP-Chief Operating Officer for 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 Crawley

The Rev. Clayton Crawley is the EVP-Chief Information Officer for CPG.  As head of all Information Technology and Services, he is responsible for a unified technology and business strategy and forming strategic relationships with our technology partners. Fr. Crawley joined CPG in 1999. 

Prior to joining CPG, he was the Associate Rector of All Saints Episcopal Church, Palo Alto, CA. His prior experience includes founding an internet consulting and multimedia production company in San Francisco. He is a non-stipendiary priest at St. Bartholomew's Parish and Trinity Wall Street in New York City and serves as a trustee at the Episcopal Divinity School in Cambridge, MA.

Fr. Crawley holds a Master of Divinity degree from the Church Divinity School of the Pacific.

Maria Curatolo

Ms. Curatolo is the EVP-Chief Administrative Officer for CPG and is responsible for Human Resources, Facilities/General Services, Business Resumption and Corporate Sustainability. Ms. Curatolo joined CPG in 1997.

Prior to joining CPG, Ms. Curatolo 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 of Human Resources at Continental Insurance, where she was responsible for Compensation and Benefits, Employee Relations and Corporate Human Resource Operations. 

Ms. Curatolo holds a Masters degree from City College of New York. 

Patricia Favreau

Ms. Favreau is the EVP-Chief Communications Officer for 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 degree of Juris Doctor from the University of Virginia School of Law and is a member of the New York State Bar Association.

Daniel Kasle

Mr. Kasle is the EVP-Chief Financial Officer & Treasurer for CPG. He directs the corporate financial management of CPG, and manages Information Technology & Services, Church Publishing and CPG's enterprise-wide project management program.  He also has oversight of CPG's corporate risk management process. Mr. Kasle started at CPG in 2001.

Prior to joining CPG, Mr. Kasle spent ten years with the Metropolitan Jewish Health System (MJHS) as Chief Financial Officer and later as Chief Operating Officer, Managed Care. His responsibilities during his tenure with MJHS included finance, accounting, audit, management information systems and operations. Mr. Kasle's previous experience includes finance, operations and foreign exchange trading with MG Trading Corporation and Bankers Trust.

He is a graduate of the University of Pennsylvania and holds an MBA from the Wharton School.

Anne Mallonee

The Rev. Canon Anne Mallonee is the Executive Vice President and Chief Ecclesiastical Officer for CPG. She is a key advisor to CPG on developments around the Church and how they might impact CPG’s work. She joined CPG in September 2014.

Prior to joining CPG, she served as Vicar and a member of the Senior Leadership Team  at Trinity Wall Street in New York City. Before that she spent several years as Interim Dean at Christ Church Cathedral, Hartford, CT, and served for six years at the Cathedral Church of St. Mark, Minneapolis, MN, the last two as Acting Dean. She began her ministry in the Diocese of Kansas, where she was ordained.

She received her M.Div. from Berkeley Divinity School at Yale University and a BA from the University of Kansas.

Nancy Sanborn

Ms. Sanborn is the EVP-Chief Legal Officer and Secretary for 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 November of 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.

Ms. Sanborn received a BA degree in Economics and Mathematics from Bowdoin College and a JD degree from Columbia Law School.

Roger A. Sayler

Mr. Sayler is Managing Director and Chief Investment Officer and 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 June of 2014.

Prior to joining CPG, Mr. Sayler 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.

Mr. Sayler has an undergraduate degree from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

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.
 

 

Barbara B. Creed, Esq.
Chair, The Church Pension Fund
Of Counsel (retired), Trucker Huss, APC
Portola Valley, CA

The Rev. Dr. Timothy J. Mitchell
Vice Chair, The Church Pension Fund
Rector, Church of the Advent
Louisville, KY

Sandra S. Swan, D.L.H.
Vice Chair, The Church Pension Fund
President Emerita
Episcopal Relief and Development
Chocowinity, NC

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

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

The Rev. Thomas James Brown
Rector, The Parish of the Epiphany
Winchester, MA

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

Vincent C. Currie, Jr.
Administrator (retired)
Diocese of the Central Gulf Coast
Pensacola, FL

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

Gordon B. Fowler, Jr.
President, CEO and Chief Investment Officer
Glenmede Trust Company
Bryn Mawr, PA

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

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

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

Kevin B. Lindahl, Esq.
General Counsel
Fire and Police Pension Association
Denver, CO

Canon Kathryn Weathersby McCormick
Canon for Administration and Finance (retired)
Diocese of Mississippi
Jackson, MS

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

Margaret A. Niles, Esq.
Partner, K&L Gates LLP
Lake Forest Park, WA

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

Diane B. Pollard
Independent Benefits/Human Resources Consultant
New York, NY

The Rt. Rev. Brian N. Prior
Bishop, Episcopal Church in Minnesota
Minneapolis, MN

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

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

The Rev. Canon Dr. Sandye A. Wilson
Rector, The Episcopal Church of
St. Andrew and Holy Communion
South Orange, NJ

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

Cecil Wray, Esq.
Partner (retired)
Debevoise & Plimpton LLP
New York, NY

 

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

Barbara B. Creed, Esq., Chair
The Rev. Dr. Timothy J. Mitchell, Vice Chair
Sandra S. Swan, D.L.H., Vice Chair
Martha Bedell Alexander
Gordon B. Fowler, Jr.

Delbert C. Glover, Ph.D.
The Very Rev. Tracey Lind
Margaret A. Niles, Esq.
Mary Kate 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

Gordon B. Fowler, Jr., Chair
Solomon S. Owayda, Vice Chair
The Rev. Dr. Timothy J. Mitchell
Margaret A. Niles, Esq.
The Rt. Rev. Brian N. Prior

The Rt. Rev. Gregory H. Rickel
Canon Anne M. Vickers, CFA
The Rev. Canon Dr. Sandye A. Wilson
Mary Kate Wold
Cecil Wray, Esq.

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
Ryan K. Kusumoto, Vice Chair
Martha Bedell Alexander
Canon Rosalie Simmonds Ballentine, Esq.
The Rev. Thomas James Brown

The Rt. Rev. Clifton Daniel III
Sandra F. McPhee, Esq.
Diane B. Pollard
Sandra S. Swan, D.L.H.
Canon Anne M. Vickers, CFA

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
The Rev. Thomas James Brown, Vice Chair
The Rt. Rev. Dr. Diane M. Jardine Bruce
Barbara B. Creed, Esq.
Kevin B. Lindahl, Esq.
Canon Kathryn Weathersby McCormick

Sandra F. McPhee, Esq.
Diane B. Pollard
The Rt. Rev. Brian N. Prior
The Rt. Rev. Gregory H. Rickel
Mary Kate 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. Dr. Diane M. Jardine Bruce, Vice Chair
Canon Rosalie Simmonds Ballentine, Esq.
Barbara B. Creed, Esq.
Vincent C. Currie, Jr.

Gordon B. Fowler, Jr.
Ryan K. Kusumoto
The Rev. Dr. Timothy J. Mitchell
Sandra S. Swan, D.L.H.

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, Esq., Chair
Canon Kathryn Weathersby McCormick, Vice Chair
Vincent C. Currie, Jr.
The Rt. Rev. Clifton Daniel III
Delbert C. Glover, Ph.D.
The Very Rev. Tracey Lind

Kevin B. Lindahl, Esq.
Solomon S. Owayda
The Rev. Canon Dr. Sandye A. Wilson
Mary Kate Wold
Cecil Wray, Esq.