Residence: Torrance, California.
Background: Mr. Chiang graduated with honors from the University of South Florida with a degree in Finance, and received his law degree from the Georgetown University Law Center. As State Treasurer, he oversees a bank that processes trillions of dollars in transactions every year. He sells Californiaís bonds, invests the Stateís money and manages its cash. Prior to being elected Treasurer, he served from 2007 through 2014 as State Controller. In that office, he took steps during the Great Recession to preserve cash to meet obligations to education and bond holders, worked to ensure the fiscal solvency of the Stateís pension plans, and ensured that $3.1 billion in unclaimed property was returned to the rightful owners. Prior to serving as Controller, he was elected to the Board of Equalization in 1998, where he led with innovative taxpayer-friendly services such as the State's free income tax return preparation service, ReadyReturn.
Betty T. Yee
Residence: Alameda, California
Background: Betty T. Yee was elected Controller in November 2014, following two terms of service on the Board of Equalization (BOE). As Controller, she continues to serve the BOE as its fifth voting member. As the Stateís chief financial officer, Yee also chairs the Franchise Tax Board and serves as a member of the California Public Employeesí Retirement System (CalPERS) and the California State Teachersí Retirement System (CalSTRS) boards. These two boards have a combined portfolio of nearly $500 billion. She has more than 30 years of experience in public service, specializing in state and local finance and tax policy. Yee previously served as Chief Deputy Director for Budget with the California Department of Finance, where she led the development of the Governorís Budget, negotiations with the Legislature and key budget stakeholders, and fiscal analyses of legislation on behalf of the Administration. Prior to this, she served in senior staff positions for several fiscal and policy committees in both houses of the California State Legislature. Yee currently serves on the board of directors for the Cal Alumni Association at the University of California, Berkeley; California Women Lead; and the Equality California Institute. She was a co-founder of the Asian Pacific Youth Leadership Project, which exposes California high school youth to the public service, public policy, and political arenas. A native of San Francisco, Yee received her bachelorís degree in sociology from the University of California, Berkeley, and her masterís degree in Public Administration from Golden Gate University in San Francisco.
Director of Finance
Residence: Sacramento, California.
Background: Michael Cohen was appointed as Director of the California Department of Finance by Governor Jerry Brown in September 2013. He serves as the Governorís chief fiscal policy advisor. Prior to becoming Director, he served as Chief Deputy Director of the Department of Finance from 2011 to 2013. In this capacity, Mr. Cohen was the departmentís lead contact with the state Legislature on the state budget. From 1997 to 2010, Mr. Cohen worked at the Legislative Analystís Office (LAO). While there, he served as a local government finance analyst, Director of State Administration, and Deputy Legislative Analyst. Mr. Cohen earned a Masterís Degree in Public Affairs from the Lyndon B. Johnson School at the University of Texas and a Bachelorís Degree in Urban Studies from Stanford University. He lives in Sacramento with his wife Amy Supinger and his two dogs, Lulu and Dexter.
Edward J. De La Rosa
Appointed by the Senate Committee on Rules
Residence: Los Angeles
Background: Edward J. De La Rosa established De La Rosa & Co. in 1989 to provide capital for public and private infrastructure projects across California. In slightly more than two decades, the firm grew to become a leading underwriter and market maker for California municipal bonds and taxable fixed-income securities. Mr. De La Rosa currently serves as a Board Member of the Municipal Securities Rulemaking Board (MSRB). Mr. De La Rosa previously served two terms on the Professional Qualifications Advisory Committee of the MSRB, where he set professional standards for investment bankers and bond brokers financing public and private projects. Mr. De La Rosa holds a Masterís degree in Management from Yale University and a Bachelorís degree in Political Science from the University of California, San Diego. In 2004, Mr. De La Rosa was awarded the Deanís Alumni Achievement Award from the Yale School of Management. Mr. De La Rosa currently serves as a member of the Deanís Board of Advisors for Yale Universityís School of Management.
Yvonne R. Walker
Appointed by the Speaker of the Assembly
Residence: Elk Grove
Background: Yvonne R. Walker serves as president of the Service Employees International Union (SEIU) Local 1000, Californiaís largest state employee union representing about 95,000 employees from a wide range of professions serving the state of California. Walker is also chair of the Retirement Security Committee of the SEIU Executive Board, where she has developed policies to ensure a secure retirement for all workers Ė union and non-union. In February 2013, she was appointed to the newly created California Secure Choice Retirement Savings Investment Board by state Assembly Speaker John A. Pťrez. Walker was elected president of SEIU Local 1000 in 2008 and was reelected in 2011. Prior to that, she served as Local 1000ís vice president of bargaining.
Appointed by the Governor
Cynthia Pollard has been president and chief executive officer of the Greater Bakersfield Chamber of Commerce since 2012. She held several positions at the Pacific Gas and Electric Company from 2009 to 2012, including manager of local government relations and manager of media relations. She was president of Cynthia Pollard Communications Inc. from 1993 to 2009 and served in several positions at Bakersfield College from 1986 to 1993, including director of public information and publications and business management instructor. Pollard was a professional development specialist at Kaiser Permanente Southern California from 1984 to 1986, professional employment specialist and training and development representative at Walt Disney Productions Studio and Disneyland from 1980 to 1984 and television field reporter at the Disney Channel in 1983. She is a member of the U.S. Chamber of Commerce Public Affairs Council, the Mid State Development Corporation Board of Directors and the Rotary Club of Bakersfield Downtown. Pollard earned a Master of Arts degree from the University of La Verne.
Appointed by the Governor
Background: Mr. Sokol is a senior partner with Weinberg, Roger & Rosenfeld, where he has practiced since 1976. Mr. Sokol represents numerous retirement, as well as health and welfare, benefit funds in both the public and private sectors, in numerous industries, including the building trades, transportation, health care, manufacturing, retail and service sectors. Mr. Sokol writes and lectures widely on pension matters and health care issues. Mr. Sokol has been a lecturer at San Francisco State University’s School of Business Administration for the past 15 years, and also represents numerous non-profit corporations. Mr. Sokol was a radio newscaster and talk show host for 25 years.
Appointed by the Governor
Marty Morgenstern has been a Senior Advisor in the Office of the Governor since 2013. He served as Secretary of the California Labor and Workforce Development Agency from 2011 to 2013 and was a consultant for the University of California on labor relations matters from 2003 to 2011. Morgenstern was director of the California Department of Personnel Administration from 1999 to 2003 and from 1981 to 1982. He was a consultant in private practice from 1994 to 1999, chair of the Center for Labor Research and Education at the University of California, Berkeley from 1987 to 1994 and a member of the California Public Employment Relations Board from 1982 to 1987. Morgenstern was appointed director of the Governorís Office of Employee Relations in 1975. This position does not require Senate confirmation and there is no compensation. Morgenstern is a Democrat.
Appointed by the Governor
Background: Heather Hooper is the Vice President of Retirement Strategies at Loring Ward. In this role Ms. Hooper heads up the companyís ERISA 3(38) retirement plan division working with independent advisors and their employer clients to offer a wide range of retirement plan solutions, including 401(k), 403(b), 457(b), Profit Sharing, Defined Benefit and combination plans. Ms. Hooper also serves on the 401(k) committee for the firmís retirement plan. Prior to joining Loring Ward, Ms. Hooper was the Chief Operating Officer for NextStep Defined Contribution, Inc. a recordkeeping and administration firm. In this role Ms. Hooper oversaw the human capital needs of the organization and managed the day-to-day responsibilities associated with NextStepís retirement plan operations, relationship management, IT and plan administration functions. Also a former Human Resources executive, Ms. Hooper has seen each side of retirement plan management-including service provider management, plan audits, design, administration and participation. Ms. Hooper has over 15 years of corporate experience in a variety of fields including compliance, HR, operations, real estate, immigration and employment law. Ms. Hooper holds her Series 65 investment advisor securities license.