Church Pension Group | A Conversation with CPG Leadership

A Conversation with CPG Leadership

If you’ve ever wondered how CPG manages its finances, stays abreast of the evolving needs of the Church, and makes key decisions, join Canon Kathryn McCormick, Chair of The Church Pension Fund Board of Trustees, Mary Kate Wold, Chief Executive Officer and President of the Church Pension Group (CPG), and other CPG leaders to learn more.

Replay the November 14, 2022 webinar:

Opening Prayer

The Reverend Clayton D. Crawley
Chief Church Relations Officer

Welcoming Remarks 

Mary Kate Wold 
Chief Executive Officer and President

Panel Discussion

The Reverend Clayton D. Crawley
Chief Church Relations Officer

Frank Armstrong
Chief Operating Officer

Patty Favreau
Chief Communications Officer

Canon Kathryn McCormick
Chair, The Church Pension Fund Board of Trustees
Episcopal Diocese of Mississippi (retired)

Roger Sayler
Chief Investment Officer

Mary Kate Wold
Chief Executive Officer and President

Audience Q&A

Frank Armstrong
Chief Operating Officer
Church Pension Group

Frank Armstrong is Executive Vice President and Chief Operating Officer. He is responsible for providing strategic leadership and direction for the Church Pension Group's (CPG) three lines of business. 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.

The Rev. Clayton Crawley
Chief Church Relations Officer
Church Pension Group

The Reverend Clayton Crawley is Executive Vice President and Chief Church Relations Officer. He is responsible for strengthening CPG’s ties with the Domestic and Foreign Missionary Society, the General Convention, and other groups and stakeholders around The Episcopal 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.

Patty Favreau
Chief Communications Officer
Church Pension Group 

Patty Favreau serves as Executive Vice President and Chief Communications Officer of the Church Pension Group. She is responsible for CPG’s communication, research, and web strategies. She also oversees institutional relationship management and the Recorder of Ordination functions assigned to CPF by the General Convention. She joined CPG in 2008.

Prior to joining CPG, she served as President of Redscout, 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 U.S. Life & Annuity business.

She graduated with honors from Amherst College with a BA in English. She later graduated from the University of Virginia School of Law where she was a member of the Virginia Law Review.

Canon Kathryn McCormick
Chair, The Church Pension Fund Board of Trustees
Episcopal Diocese of Mississippi (retired)

Canon Kathryn McCormick serves as the Chair of The Church Pension Fund Board of Trustees. She is the former Canon for Administration and Finance for the Diocese of Mississippi. She has worked with clergy and lay employees regarding pension, medical insurance, retirement, property and liability insurance, endowments, trusts, and other matters.

As a cradle Episcopalian, she has been active in the Church, both as a volunteer and diocesan staff with a good working knowledge of the Church. She has served as an officer on several interim bodies, as well as The Church Pension Fund legislative committee for five General Conventions, a former CREDO finance faculty member, and as President of Province IV.

She was re-elected to her second term on The Church Pension Fund Board of Trustees in 2018.

Roger Sayler
Chief Investment Officer
Church Pension Group

Mr. Sayler is Executive Vice President 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.

Mary Kate Wold
Chief Executive Officer and President
Church Pension Group

Mary Kate Wold serves as the CEO and President and board member of the Church Pension Group (CPG), a pension and financial services company that serves The Episcopal Church. She has held leadership positions in the financial services, pharmaceutical and healthcare, legal, and government sectors, including serving on the boards of numerous organizations.

Prior to joining CPG, Ms. Wold was Senior Vice President, Finance, and a Principal Corporate Officer of Wyeth, one of the world’s largest research-based pharmaceutical companies, where she provided direction across a spectrum of Wyeth’s business and finance operations. Before Wyeth, she was a partner and chaired the tax practice group of Shearman & Sterling, one of the world’s leading law firms, advising global clients on cross-border mergers and acquisitions and capital markets transactions. Earlier in her career, she served in the United States Department of the Treasury as a member of the Office of International Tax Counsel, where she negotiated the first income tax treaty between the United States and China.

Ms. Wold has served on numerous boards of both for-profit and non-profit organizations. She is currently a board member of Nucleus RadioPharma, Inc., a company modernizing the production of radiopharmaceuticals for cancer patients. She also sits on the board of The Jackson Laboratory, a biomedical research institution dedicated to the discovery of genomic solutions to cancer and other human diseases, and she is a board member of the Burke Neurological Institute, an academic and neurological research organization affiliated with Weill Cornell Medicine.

She serves on the vestry of Trinity Church Wall Street in New York City and on its investment committee. She is the former chair of the Church Benefits Association, a national industry association of faith-based benefits organizations, and is a former director and chair of a publicly traded medical-device company. Her professional affiliations include membership in the Women’s Forum of New York and Women Corporate Directors.

A native of North Dakota, Ms. Wold attended Hamline University in St. Paul, Minnesota, from which she graduated summa cum laude and was elected a member of Phi Beta Kappa. She graduated cum laude from the University of Michigan Law School. She holds an honorary degree of Doctor of Humane Letters from the Berkeley Divinity School at Yale University.