wfn.org | T. Dennis Sullivan named new president of Church Pension Group

["Episcopal News Service" <ens@epicom.org>]

Friday, February 27, 2004  

T. Dennis Sullivan named new president of Church Pension Group

by Nancy Fisher 

ENS 022704-1 

[Episcopal News Service] At its meeting on February 19, 2004, the Church
Pension Fund Board of Trustees unanimously elected T. Dennis Sullivan to
succeed Alan F. Blanchard as president of the Church Pension Group. 

"Mr. Sullivan's commitment to the public good, and his solid investment and
financial management credentials informed by years of high-level business
leadership, will be invaluable as CPG continues to study how best to serve
its beneficiaries and the church," said David R. Pitts, chair of the Church
Pension Fund board and co-chair of the board's CEO/President Selection
Committee.

Blanchard, who served as president of CPG for the past 15 years, will retire
in June. "I applaud the board's decision," said Blanchard, "and I look
forward to working with Dennis Sullivan during the transition period."

"I am deeply honored to be entrusted with the leadership of the Church
Pension Group," said Sullivan upon his election.

Sullivan's career has revolved around investments, finance and administration
in the for-profit, not-for-profit and public sectors, and he brings extensive
financial and investment leadership experience to his new role. Most
recently, he served as CFO for the New York Public Library; prior to that, he
was financial vice president of the Andrew W. Mellon Foundation and special
advisor to the president. Before joining Mellon, he was with J.P. Morgan
Securities, then managed Princeton University's endowment as president/chief
investment officer of that university's investment company. He has also
served as deputy commissioner of the Department of Labor & Industry for the
State of New Jersey, secretary of finance for the State of Delaware, and
executive director of the Municipal Assistance Corporation for the City of
New York.

Sullivan and his wife, Susan, are members of St. Bartholomew's Church in New
York City. He is a trustee of the Prospect Park Alliance, and has served on
the Russell 20-20 Association, the Research Council on Global Investment of
the Conference Board, and the Advisory Committee for the New York State
Common Retirement Fund. He holds a BA (Phi Beta Kappa) from Princeton
University, and an MA from Oxford University, England.

Founded in 1917 as the pension system for Episcopal clergy and their
families, the Church Pension Fund has paid out nearly $2 billion in benefits.
Over the years, benefits and services for clergy and their families have been
increased and expanded on a regular basis, pensions for church lay employees
instituted, life, property and casualty insurance made available, a health
insurance program established, and the publishing function expanded. Today,
the Church Pension Group includes educational programs and advisory services
for clergy and laity as well as for Episcopal dioceses and parishes
throughout the United States.

-- Nancy Fisher is director of communications for the Church Pension Group.