Corporate MovesAugust 7, 2019

US Steel Names Bryan Lewis to Newly Created CIO Role

Lewis joins firm just three days after officially stepping down as Penn SERS CIO.

Reported by Michael Katz

U.S. Steel has named Bryan Lewis as first chief investment officer, just three days after he officially resigned as CIO of the $28.8 billion Pennsylvania State Employees’ Retirement System (SERS).

Lewis, who will report to Chief Financial Officer Kevin Bradley and join the company’s executive management team, will be responsible for U.S. Steel’s global pension obligations for defined benefit and defined contribution plans, as well as other related programs. The CIO role is a newly created position at the steel giant.

“Bryan’s strong public pension experience and investment background make him an excellent fit for this role,” U.S. Steel Chief Executive Officer David Burritt said in a release. “He brings sound judgment, sharp intelligence, and the highest integrity to the job.”

On Aug.2, Lewis left Pennsylvania SERS, where he has been temporarily replaced by James Nolan as acting CIO.

Prior to his three-year stint at Pennsylvania SERS, Lewis was executive director of the $20 billion State Universities Retirement System in Illinois, where he led fund administration and investment management, including managing risk and compliance for two defined benefit plans and one defined contribution plan serving 220,000 members.

Earlier in his career, Lewis spent six years in an investment management role with the North Carolina Department of State Treasurer, where he created the emerging manager program for the state’s retirement system, which identified high-performing asset management companies owned by minorities and women.

Lewis earned a master’s degree in business administration from the University of Miami and holds a bachelor’s degree in economics from the University of Maryland at College Park.

U.S. Steel enacted a hard freeze of benefits accrued under its defined benefit plan effective Dec. 31, 2015, when participants were transitioned to a defined contribution plan.