New PBGC Chief Takes Office

Gordon Hartogensis was sworn in as Director of the Pension Benefit Guaranty Corporation on May 15. The U.S. Senate had confirmed him as director on May 1.

Hartogensis, who has worked on Wall Street and also has been an entrepreneur and investor, as well as leader in the technology sector, succeeds Tom Reeder as director. Reeder had served for nearly four years.

In a press release, Hartogensis that he is “honored to serve in this important role” and that he is “looking forward to working with Congress, the Administration and stakeholders to protect and advance the retirement security of the nearly 37 million Americans we insure.”