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ScholarShare Investment Board

The Seven-Member ScholarShare Investment Board

Bill Lockyer

Bill Lockyer
State Treasurer and Chair


Residence: Hayward, California.
Background: Mr. Lockyer completed his undergraduate study at the University of California, Berkeley, and earned a law degree from McGeorge School of Law in Sacramento while serving in the State Senate. He also holds a teaching credential from California State University, Hayward. As State Treasurer, Mr. Lockyer draws on leadership, management and policymaking skills developed over a public service career spanning more than three decades. Mr. Lockyer served for 25 years in the California Legislature, culminating his Capitol career with a stint as Senate President pro Tempore. He served eight years, from 1999-2006, as California Attorney General and left a lasting legacy. Among his landmark achievements as Attorney General, Mr. Lockyer revolutionized crime fighting in California by creating and maintaining the nation's most sophisticated DNA forensic laboratory, established the Megan's Law website and recovered billions of dollars for defrauded energy ratepayers, consumers and taxpayers.

Ana J. Matosantos

Ana J. Matosantos
Director of Finance


Ms. Matosantos was appointed State Director of Finance in December 2009.
Residence: Sacramento.
Background: Ms. Matosantos earned a Bachelor of Arts degree in political science from Stanford University. Ms. Matosantos has served in the Department of Finance as chief deputy director since 2008. Prior to that, she served as deputy legislative secretary for health and human services and veterans affairs in the Office of the Governor from 2007 to 2008. From 2006 to 2007, Ms. Matosantos served as associate secretary for legislative affairs for the Health and Human Services Agency (HHS) and, from 2004 to 2006, she served as assistant secretary for program and fiscal affairs at HHS. Prior to that, she was a consultant to the Senate Committees on Health and Human Services and Budget and Fiscal Review from 1999 to 2004.

Sue Burr

Sue Burr
Executive Director, State Board of Education

Ms. Burr was appointed by the State Board of Education to serve as the executive director of the board in California. In addition, she also serves as policy advisor to the Governor on K-12 education policy, legislation and budget matters, student college readiness, teacher credentialing, early childhood education issues and school construction. Ms. Burr previously served as the executive director of the California County Superintendents Educational Services Association. She was the assistant superintendent for business services with the Elk Grove Unified School District from 2000 to 2003. She served as the undersecretary of education under Governor Gray Davis from 1999 to 2000, also serving as interim secretary from March 2000 to August 2000.

Antoinette Chandler (no photo available)
Governor Appointee

Ms. Antoinette Chandler, CFP®, CIMA®, is Senior Vice President and Institutional Investment Consultant with Morgan Stanley Smith Barney in San Francisco. As an investment consultant, Ms. Chandler advises middle market institutional clients in the areas of asset allocation, investment policy, manager search, due diligence and selection. Ms. Chandler joined Morgan Stanley Smith Barney from the Private Bank at Bank of America in San Francisco as a Private Client Advisor in 2004. In 2001, Ms Chandler joined Bank of America – Private Bank. In 1999, Ms. Chandler joined MP Morgan as a Vice President and Senior Investment Consultant in the Private Bank. In 1995, Ms. Chandler joined Salomon Smith Barney as an Associate in the Public Finance Group in New York. Ms. Chandler was appointed to the ScholarShare Investment Board by Governor Schwarzenegger in 2006. Ms Chandler is also the Secretary of the Investment Committee for the United Way of the Bay Area in San Francisco and in December 2009 was elected to the Oakland East Bay Symphony Board of Directors. Ms Chandler was a Board member to the Financial Planning Association of San Francisco from 2000-2002 and is a level II candidate in the CFA Program. Ms. Chandler received her BS degree in Finance from San Diego State University in 1988, and received an MBA in Finance and Entrepreneurial Studies from the University of California at Los Angeles in 1995.

Rhonda Johnson

Rhonda Johnson
Senate Rules Committee Appointee


Residence: Hayward, California
Background: Rhonda Johnson has served as Executive Director of Financial Aid at California State University, East Bay since 2002. Her financial aid career began in 1988 when she enrolled at East Bay as an undergraduate student in Liberal Studies. Her passion for assisting students in financing their educations has lead to a twenty-three year career in student financial aid. Financial Aid assists more than forty percent of East Bay students in gaining access to higher education. She has been honored by the City of Hayward for her work in raising community awareness of college funding resources. Prior to her entry into education financing, Ms. Johnson served as a compensation specialist in the private business sector.

Governor Appointee - Vacant

Speaker Appointee - Vacant