It was announced on September 23, 2021, at the regular meeting of the Chicago Teachers' Pension Fund (CTPF) Board of Trustees that interim Chief Investment Officer (CIO) Andrew K. Kelsen resigned from his position. His last day with CTPF is September 24, 2021.  

Executive Director Carlton W. Lenoir, Sr. has been named interim CIO. He will manage the operations of the CTPF’s $13.1 billion investment portfolio until a permanent CIO is named. CTPF will be conducting a national search to fill the position. 

"We appreciate Andrew’s service to our Fund for the past seven years. We thank him on behalf of our 89,000 members, and wish him the best in his future endeavors,” stated Carlton W. Lenoir, Sr. “Our priority at CTPF is to protect and enhance the future economic well-being of members and beneficiaries through best practices in management, investments, and member services. During this time of transition and beyond, everyone here remains committed to this goal without interruption to our policies, pacing, and objectives.”