ARLINGTON, Va. – The National Rural Electric Cooperative Association (NRECA) today named Corey Amon as its new chief investment officer.
Amon will oversee $25 billion in assets held in three multiple-employer benefit plans sponsored and administered by NRECA for its member cooperatives. He will join the organization June 7.
“NRECA works to provide robust and flexible benefits offerings for nearly 900 electric cooperatives across the nation and our multiple-employer benefit plans are a key part of that,” said NRECA CEO Jim Matheson. “We are thrilled that Corey has agreed to join our Insurance and Financial Services team. Overseeing a large portfolio of assets on behalf of our members is a critical and complex responsibility. We are certain that Corey is a great fit for this position.”
Amon most recently served as director and CIO of the New Jersey Division of Investment, which is one of the largest U.S. pension fund managers.
“I am excited to join the NRECA team as the next CIO for the employee benefit plans,” Amon said. “NRECA has built a strong investment program for its innovative benefit offerings that provide secure retirement and group insurance for the people who serve America’s electric cooperatives. I am proud to become a part of this mission-driven organization, and I look forward to contributing to NRECA’s continuing success.”
Amon will succeed John Szczur in the role. Szczur is retiring after serving as NRECA’s CIO since 2015.
The National Rural Electric Cooperative Association is the national trade association representing nearly 900 local electric cooperatives. From growing suburbs to remote farming communities, electric co-ops serve as engines of economic development for 42 million Americans across 56 percent of the nation’s landscape. As local businesses built by the consumers they serve, electric cooperatives have meaningful ties to rural America and invest $12 billion annually in their communities.