May 29, 2015
LANSING, Mich. – Gov. Rick Snyder today announced the appointment of Reginald Sanders, of Portage, to the state's Investment Advisory Committee. He also announced the appointment of James Nicholson, of Detroit, as chair of the Investment Advisory Committee.
The committee reviews investments, goals and objectives of the state's various retirement funds. It may submit recommendations to the state treasurer, or direct the state treasurer to dispose of or enter into investments.
"Reginald has a long track record of success in the investment field," Snyder said. "I am confident he will do great work on behalf of the people of Michigan."
Sanders is director of investments for the W.K. Kellogg Foundation, and served as manager of pension investments at Eastman Kodak Co. He serves as a professional and career mentor for students who are recipients of the Robert A. Toigo Foundation fellowship. Sanders earned a bachelor’s degree in accounting from Florida A&M University and a master’s degree in business administration from Harvard University. He fills the vacancy created by the resignation of Nick Khouri, who now serves as state treasurer.
Nicholson will serve as chair for a term expiring at the pleasure of the Governor. His term on the Committee expires December 15, 2016. Sanders will serve the remainder of a three-year term expiring Dec. 15, 2015. His appointment is subject to the advice and consent of the Senate.
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