He will focus on custom solutions and separate accounts, the firm said.
She was previously president and chief people officer of Salesforce.
His son succeeded him as CEO and CIO in 2008.
Recommendation comes according to a preview of several to the agency’s Asset Management Advisory Committee presented on Friday.
His successor as CEO was announced in January.
The plan has named an acting executive director while a search for a permanent one is underway.
The new directors will succeed Matthew Worley, who will become cio in May.
They will join the $100 million quality value strategy.
Plan is seeking its next cio to oversee its $41 billion portfolio.
The hire is part of the asset management business’ separation from the international wealth management division.