team has found the next chief for their socially-responsible investing (SRI) subsidiary.
In May, after 17 years as president and CEO of Calvert Investments
], Barbara Krumsiek revealed
plans to step down from those roles on January 1, 2015. Today Bill Lester
, executive vice president of Ameritas Life Insurance Corp. (Calvert's parent), unveiled
the appointment of John Streur
as Krumsiek's successor. Portland, Oregon-based Streur will join Bethesda, Maryland-based Calvert on October 27.
As previously reported, Krumsiek will step down from her president and CEO spots on January 1 and become the founding chair of the Calvert Institute. And Krumsiek will remain on Calvert's board.
Streur serves as president, director and Principal at a boutique shop, Portfolio 21
. Prior to that he spent more than 20 years as CEO of AMG's Managers Investment Group (which went by the Portfolio Services Group prior to 2005). He's an alum of the University of Wisconsin. And Calvert confirms that Streur will be moving to the Washington, D.C. metropolitan area, Calvert's haunt, from Portland Oregon.
As of September 30, Calvert had more than $13 billion in assets under management, inside of mutual funds, subadvisory mandates and separately managed accounts.
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