WRS News Online

Neitzel Joins SWIB Board of Trustees

In March Scott Neitzel was appointed to serve as the Department of Administration Secretary. Therefore, Neitzel will replace former DOA Secretary Mike Huebsch on SWIB’s Board of Trustees.
  
Along with his recent 18 years of private sector experience, Neitzel brings extensive federal, state and local public sector experience to the board. Neitzel served as a commissioner of the Wisconsin Public Service Commission. Prior to his work at the PSC he was a special assistant at the U.S. Department of Energy and a special assistant at the Federal Energy Regulatory Commission in Washington, D.C.

Beyond these roles, he served as register of deeds for Sauk County and as the deputy secretary of the Wisconsin Department of Development, which preceded the Wisconsin Economic Development Corporation and the Wisconsin Department of Commerce. Neitzel was also a DOA division administrator in the mid-1980s.

Neitzel has held various roles at Madison Gas & Electric, including senior vice president, where he led customer service operations, gas operations, energy supply and energy planning. He has a bachelor’s degree from the University of Wisconsin-Oshkosh and an MBA from the University of Chicago’s Executive Program.

About the Board of Trustees
The SWIB Board of Trustees consists of nine members meeting specific requirements. These include:

  • The secretary of the Department of Administration or a designee;
  • One member appointed for a six-year term representing a local government that participates in the Local Government Investment Fund;
  • Five public members appointed for staggered six-year terms and four having at least 10 years of investment experience; and
  • Two participants in the Wisconsin Retirement System selected for six-year terms, one a teacher participant appointed by the Teacher Retirement Board and one a participant other than a teacher appointed by the Wisconsin Retirement Board.

Trustees have a fiduciary responsibility to act solely in the interest of the WRS trust funds. They also appoint the executive director and internal auditor. Trustee responsibilities include establishing asset allocation, investment guidelines and performance benchmarks. Staff is responsible for making the day-to-day decisions about investments and operations following the policies set by the trustees.