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>> HENRY JONES: Thank you. I would like to take a moment of personal privilege to recognize
a very important member of our investment office staff. Our valued colleague Janine
Julia is leaving us and today we'll hear her last official investment committee meeting
as chief investment officer, chief operating officer. I'm going to say a few words about
her and then ask her to join me on the stage. Janine is leaving us after three years of
highly productive service in the investment office. She became COIO in April of 2010 and
has effectively led the business and operational management functions of the investment office.
She brought many insights to CalPERS. She was vital in many important office initiatives
including the investment office road map, target operating model and investment reliefs
project. She brought vision and clarity to the systems ESG efforts and drove significant
efforts to improve the transparency and accuracy of investment information. Most importantly,
Janine's intelligence, integrity and higher standards made her an exceptional leader who
enabled us around all of us around her to better serve the members of the system. Janine,
would you like to join me on stage, please?
Thank you. The first one is a traditional gift basket and I was told by Rob it is less
than $8. Since you are leaving government, you don't have to report it anyway.
[Laughter] And the other thing I would like to present
you with is this resolution signed by all board members to thank you for your years
of outstanding serviced to the organization. We truly enjoyed your stay here and we will
greatly, greatly miss you. So thank you. [APPLAUSE]
>> Janine: I think we're supposed to do a photo.
Thank you. Thank you. Thank you, Henry. That's really gracious. As usual, we're running late.
So I'm going to keep this really, really brief. I want to say what an honor and a privilege
it's been to serve at CalPERS and oh, I'll start crying too and especially at such a
time of extraordinary change. I am very, very grateful for the experience and very proud
of the entire team, the investment office, the board, all of the enterprise staff for
everything we've accomplished in the last few years. So I do believe we get to have
cake. So I would recommend that we go eat the cake very, very quickly. So thank you
all. [APPLAUSE]
>> HENRY JONES: Thank you. Let's join Janine in the lobby and then we'll reconvene in 10
minutes.