|WASHINGTON, November 27, 2018- The Pension Benefit Guaranty Corporation announced four key appointments to its leadership team:
Deputy Chief of Negotiations and Restructuring - Rossi Marcelin
- Ross Marcelin, Deputy Chief of Negotiations and Restructuring
- Ted Goldman, Director of the Policy, Research and Analysis Department
- Kimberly Mayo, Director of the Budget Department
- Jeffrey Donahue, Director of the Procurement Department
Rossi Marcelin is the Deputy Chief of Negotiations and Restructuring, where he will help manage the agency's interactions with plan sponsors and pension practitioners, and multiemployer and single-employer program operations.
"Ross has a great depth of management experience within the agency and in the private sector where he led teams in the accounting and consulting areas," said PBGC's Chief of Negotiations and Restructuring Karen Morris. "He also has substantial experience working with troubled multiemployer pension plans, which is the most urgent challenge facing the agency."
Prior to his recent appointment, Marcelin led the Multiemployer Program Division, which manages PBGC's financial assistance payments to insolvent plans and provides advice and technical assistance to multiemployer plan administrators and their service providers. While in this position, he directed the transition from a paper-based process for filing notices and applications to an electronic platform and oversaw a greater than 50 percent increase in financial assistance extended to failed multiemployer plans.
Marcelin is a certified public accountant, and graduated magna cum laude from St. Joseph's College in Brooklyn, NY, with a Bachelor of Science in Accounting.
Director of Policy, Research and Analysis Department - Ted Goldman
Ted Goldman is Director of PBGC's Policy, Research and Analysis Department (PRAD), where he'll play a key role in policy development, pension modeling and forecasting, and conducting retirement research.
"Ted comes to PBGC with extensive leadership, policy, and actuarial expertise," said PBGC's Deputy Chief Policy Officer Michael Rae. "His knowledge and work in the retirement community, along with his commitment to enhancing retirement security, will greatly benefit the participants and employers PBGC serves."
Goldman has over 40 years of professional experience and comes to PBGC from the American Academy of Actuaries where he served as the Senior Pension Fellow. In that role, Goldman helped shape and communicate the Academy's work on pension and retirement security issues. Prior to the Academy, Goldman spent the majority of his career as a retirement consultant with several leading actuarial consulting firms.
Goldman has a Bachelor of Arts in Mathematics from the University of Missouri, Columbia. He holds various professional designations: Fellow of the Society of Actuaries, Enrolled Actuary, Member of the American Academy of Actuaries, and Fellow of the Conference of Consulting Actuaries.
Goldman replaces Supervisory Actuary Jensen Chan and Senior Advisor for External Affairs Anne Henderson, who both served as acting PRAD Director during the past year.
Director, Budget Department - Kimberly Mayo
Kimberly Mayo is Director of PBGC's Budget Department where she manages formulation and execution of PBGC's annual operating budget and serves as PBGC's primary liaison for budget matters with the Office of Management and Budget and the Department of Labor. In this position, Mayo is responsible for leading PBGC's budget formulation, review and reporting functions. She also co-chairs PBGC's Information Technology Portfolio Review Board, and is responsible for planning, administering and reporting on PBGC's budget.
With 25 years of experience, Mayo comes to PBGC from the Department of Housing and Urban Development where she served as Budget Director. Mayo previously served as the Federal Trade Commission's Budget Officer. During her career, she has developed expertise in budgeting, financial management, strategic planning, enterprise risk management and human resources.
"Kimberly has transitioned seamlessly into her new role," said PBGC's Chief Management Officer Alice Maroni. "She brings comprehensive leadership skills and experience leading operations at all organizational levels. Kimberly is an asset to the organization and our mission."
Mayo earned a Master of Business Administration in International Finance from George Washington University and a Bachelor of Science in Business Management from Hampton University.
Mayo replaces Edgar Bennett, who retired at the end of October.
Director, Procurement Department - Jeffrey Donahue
Jeffrey Donahue is Director of PBGC's Procurement Department. In this role, he oversees the procurement process and acquisition solutions that support the agency's mission. The Procurement Department manages the process of competing, awarding and administering PBGC contracts.
Prior to being named Procurement Director, Donahue served as Chief of the Contract Administration Division. He also served as Acting Director of Procurement from November 2017 to March 2018.
"Jeff is an advocate for simplifying and streamlining the federal acquisition process," said PBGC's Chief Management Officer Alice Maroni. "His customer-oriented approach, institutional leadership and acquisition experience has helped us better utilize our workforce in support of PBGC's mission."
Prior to joining the agency in 2014, Donahue was a senior manager for a company that provides contract and acquisition support to federal agencies. Donahue also previously served as Chairman of the Small Agency Council Procurement Committee and as a Board Member for the Federal Acquisition Institute.
Donahue has a Bachelor of Science in Management from the U.S. Air Force Academy, and a Master of Business Administration in Global Business from George Mason University.
Donahue replaces Chief of the Policy, Training, Compliance & Systems Division Steven Kvalevog and Senior Contract Specialist Roland Thomas, who both served as Acting Procurement Director during the past year.
PBGC protects the pension benefits of nearly 37 million Americans in private-sector pension plans. The agency operates two separate insurance programs -- one covering pension plans sponsored by a single-employer and another covering multiemployer pension plans, which are sponsored by more than one employer and maintained under collective bargaining agreements. PBGC is currently responsible for the benefits of about 1.5 million people in failed pension plans. PBGC receives no taxpayer dollars. Its operations are financed by insurance premiums, investment income, and, for the Single-Employer Program, assets and recoveries from failed single-employer plans. For more information, visit PBGC.gov.