Dual Duty: North Carolina Pension Head Joins Insurer’s Board

  • Outgoing treasurer Cowell runs $90 billion in public money
  • Ethics board signs off; critics cite appearance of conflict
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North Carolina’s treasurer is getting an early jump on her re-entry into the private sector, with the blessing of her state’s ethics commission.

The treasurer, Janet Cowell, was elected to the board of James River Group Holdings, a Bermuda-based insurance company, after a vote by its shareholders on Tuesday. In late February, Cowell was voted onto the board of ChannelAdvisor Corp., an e-commerce company headquartered in Morrisville, N.C.