Aaron Hood has been appointed interim executive director of the Ohio State Teachers Retirement System, effective November 18, following Lynn Hoover"s upcoming retirement. Hood, a finance senior fellow at West Point and former CFO at Summit Carbon Solutions, steps in amid ongoing turmoil within the $95.3 billion pension system, which has faced internal conflicts and investigations. Despite these challenges, Hoover"s tenure saw improvements in the fund"s financial status, increasing its funded ratio to 82.8 percent.
A proposed $8.9-billion carbon-capture pipeline in South Dakota faces a critical challenge on Election Day, November 5. Voters will decide whether to reject a recently passed law seen as supportive of the pipeline, which could significantly hinder Summit Carbon Solutions' project and potentially end its prospects.
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