A transgender California city councilwoman is joining the CalPERS Board of Administration, becoming the fifth new member leading the nation’s largest pension fund this year.
Gov. Gavin Newsom appointed Lisa Middleton, 66, of Palm Springs, to the seat representing local governments on the 13-member board, according to a Tuesday news release.
Middleton replaces Bill Slaton on the CalPERS board, which oversees the $362 billion fund’s chief executive officer and sets direction for its investment goals and health care plans.
Middleton was the first openly transgender person in the state to win election to a nonjudicial office, according to a news release from Equality California.
Her appointment comes the same year police officer Jason Perez, State Treasurer Fiona Ma, Department of Human Resources Director Eraina Ortega and State Personnel Board member Mona Pasquil Rogers joined the board.
The majority of the board has joined in the last two years, with board members Margaret Brown, David Miller and Ramon Rubalcava joining last year.
Board President Henry Jones’ seat is up for election this year.
Middleton worked at the State Compensation Insurance Fund from 1974 to 2010, according to the release.
Slaton, a former Sacramento Municipal Utility District board president, had served on the board since former Gov. Jerry Brown appointed him in 2012.