Kenneth Simril, President and CEO of Fleischmann’s Ingredients, has been selected to join the Board of Investments, which advises the county on investments for the Los Angeles County Employees Retirement Association.
Mr. Simril, who was appointed by Los Angeles County Supervisor Mark Ridley-Thomas, brings more than two decades of financial planning and management experience to the nine member Board which also includes the L.A. County Treasure as well as current and retired members of the Los Angeles County Employees Retirement Association.
“Kenneth brings a wealth of financial management to this Board,” said Supervisor Ridley-Thomas. “I’m confident his expertise will benefit the county employee retirement association in maximizing funds for county employees.”
Mr. Simril says he looks forward to enhancing the county’s investments, addressing the County’s liabilities and positioning the Board to become more engaged on policy matters affecting employee pension plans.
“In addition to determining LACERA’s investment objectives, strategies and policies, it’s critical as part of our fiduciary responsibility that the Board of Investments safeguards LACERA’s assets for long-term growth so that we can provide the promised benefits to our members and beneficiaries,” Simril said. “Our role is important as stewards of change, constantly evaluating and re-assessing market conditions so that we can capitalize on new investment methods or opportunities to enhance investment returns.”
Mr. Simril has served on the Board of the Los Angeles City Employees’ Retirement System. He is a graduate of Harvard Business School where he received his MBA and holds a Bachelor’s degree in Engineering from the University of Southern California.