NRECA Announces New CIO

On May 12, 2021, NRECA announced its new chief investment officer, Corey Amon, who will oversee $25 billion in assets held in trusts for the three multiple employer benefit plans. Mr. Amon will join the organization on June 7.

Amon most recently served as director and CIO of the New Jersey Division of Investment, which is one of the largest U.S. pension fund managers. 

Current CIO, John Szczur, will be retiring in July after serving in his current role for the last six years. Amon and Szczur will be collaborating on a smooth transition during the month of June.

According to Peter Baxter, I&FS senior vice president and plan administrator, “Corey Amon possesses all of the qualities and experience that we were looking for in our next CIO for these plans. Our fiduciary committee, working with their independent investment consultant, RVK, and our staff has structured a very prudent and cost-effective asset allocation and investment strategy for our three benefit plans. Corey is taking over a very well-run investment program that will continue to evolve and grow under his leadership. Both John Szczur and I are confident that Corey will build upon the legacy of the past while helping shape the future affordability and sustainability of these programs that so many of our members rely on for financial security during and after their careers working for America’s electric cooperatives.”

NRECA CEO, Jim Matheson, echoed his support of Mr. Amon joining NRECA in an announcement to board members and CEOs.

“I am excited to join the NRECA team as the next CIO for the employee benefit plans,” Mr. Amon said. “NRECA has built a strong investment program for its innovative benefit offerings that provide secure retirement and group insurance for the people who serve America’s electric cooperatives. I am proud to become a part of this mission-driven organization, and I look forward to contributing to NRECA’s continuing success.”