After a year with an acting CFO, TIAA-CREF has named a permanent replacement for Elizabeth Monrad. Monrad took an unpaid leave of absence in May 2005 upon learning the SEC was investigating her activities at previous employer General Re, and was indicted in February, along with three other General Re executives and one AIG executive.

Georganne Proctor joins TIAA-CREF from Golden West Financial Corporation, the holding company of World Savings Bank, where she served as executive vice president of finance. She takes over from acting CFO Russell Noles, who will head back to his usual position as senior vice president and head of internal audit.  

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