GOVERNOR O’MALLEY APPOINTS ROBERT HAGANS TO THE MARYLAND STATE RETIREMENT AND PENSION SYSTEM BOARD OF TRUSTEES

ANNAPOLIS, MD (November 21, 2011) – Governor Martin O’Malley today announced the appointment of Robert R. Hagans to the Board of Trustees for the Maryland State Retirement and Pension System. He will assume the trustee position previously held by Robert Schaefer.

“I am pleased to announce Robert’s appointment to the Maryland State Retirement and Pension System Board,” said Governor O’Malley. “His steadfast belief in fiscal stewardship and years of expertise in financial management will serve us well as we work together to develop a more sustainable and effective system for all state employees.”

Since 2001, Mr. Hagans has served as chief financial officer for the American Association of Retired Persons (AARP). In this position he provides strategic guidance and expertise in all areas of AARP’s financial management, strategy implementation and policy formulation, in addition to AARP’s environmental and physical resources.

Mr. Hagans also has over 30 years of work experience in nonprofits and financial management. Prior to joining AARP, he served as director of finance for Prince George’s County Government, where he was responsible for the management of the $1.7 billion in cash flow of county funds and the $780 million debt management program. Hagans also served as assistant vice president for Asset Management and Treasury Operations at Howard University and served on the Prince George’s County Police and Fire Service Pension Plans Board of Trustees and the Prince George’s County Risk Management Committee.

He currently serves as treasurer and trustee on the Board of Directors of Industrial Bank and chairs the Finance Committee of the Board of the Boys and Girls Club of Greater Washington. Hagans is a member of the Executive Leadership Council and a member and mentor of the 100 Black Men of Greater Washington, DC. He is a resident of Mitchellville, MD.