For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Deals and People November 29, 2001
Chao Names Kandarian Head of PBGC
November 29, 2001 (PLANSPONSOR.com) - Labor
Secretary Elaine Chao announced that Steven Kandarian has
been tapped to head up the Pension Benefit Guaranty
Corporation (PBGC).
Reported by Camilla Klein
Kandarian, formerly a founder and managing director of Orion Partners, a private equity fund specializing in acquisitions of established companies and venture capital, will take the reigns as executive director of the PBGC.
Kandarian was previously a managing director of Lee Capital Holdings, a private equity firm based in Boston.
The PBGC is a federal corporation created by the 1974 Employee Retirement Income Security Act to insure beneficiaries of terminated private defined benefit pension plans.