A new interim head of the controversial Ohio retired teachers’ pension fund has been named. Aaron Hood, a financial expert at the United States Military Academy at West Point, will be taking charge of the chaotic system.
During a Thursday evening board meeting, the State Teachers Retirement System (STRS) board voted for Hood to be the acting executive director as a search firm looks for their full-time choice.
Hood begins Nov. 18, taking over from current acting head Lynn Hoover.
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He has a big task and will face an uphill battle.
In summary, there has been constant fighting , two board resignations and allegations of both a public corruption scheme and mishandling of funds . As of this week, there has been a dismissal and multiple senior staff resignations.
Who is Hood?
Hood has worked as a Finance Senior Fellow at West Point in the Department of Social Sciences, according to his profile on the academy website. He has been there for five years, according to his LinkedIn.