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TIAA CEO Ferguson, a Potential Biden Appointee, to Retire

  • Roger Ferguson will step down from investment giant in March
  • He’s among the contenders to become Biden’s Treasury secretary
Roger Ferguson

Roger Ferguson

Photographer: Michael Nagle/Bloomberg
Updated on

TIAA Chief Executive Officer Roger Ferguson, a contender to join President-elect Joe Biden’s cabinet, plans to retire from the investment giant.

Ferguson, 69, will lead the organization through March, the company said Tuesday in a statement.