The county’s $3 billion retirement plan board has named a new CEO starting this week to fill the shoes of his retiring predecessor. The board of the San Mateo County Employees’ Retirement Association unanimously chose Scott Hood in September after a nationwide recruitment. His new position was effective Nov. 9. He replaces David Bailey who is leaving in early 2015. Hood served as SamCERA’s information technology manager for two years before becoming assistant executive officer in 2002. For the last 12 years, Hood has managed the benefits, finance, information technology, communications and administrative staff of the association.
Hood said he was “both humbled and honored” to be chosen. “I look forward to working with the Board of Trustees and all stakeholders to maintain SamCERA’s high level for performance while building for the future,” Hood said in a prepared statement. Hood has a bachelor’s of science in engineering from the United States Military Academy and a master’s of science in computer information systems from Boston University. He completed a military career as a U.S. Army reserve colonel last year, ending more than 30 years of combined active and reserve service. Full Story