Retirement effective Sept. 1
FRANKFORT, Ky. (May 19, 2016) — William A. (Bill) Thielen has notified the Kentucky Retirement Systems (KRS) Board of Trustees of his intent to retire as executive director, effective Sept. 1, the board announced today. Thielen indicated that his retirement will allow him more time for family, travel and other favorite pastimes.
Thielen first joined the Retirement Systems staff in July 2006 as the organization’s chief operations officer. He was named the interim executive director in April 2011 and was appointed executive director in August 2012. In October, 2015 the board and Thielen agreed to a 30-month employment contract which contains a provision that allows him to terminate employment with 60 days written notice. Thielen said “that he is grateful to have served the KRS membership for over ten years and is honored to have worked with very talented and dedicated KRS trustees and staff during this period.”
According to Joseph Hardesty, acting KRS board chair for the May 19 meeting, the Board of Trustees will conduct a search for his successor that will take into consideration both internal and external candidates.