Board of Directors

Chair: Mr. Paul Cavazos

Senior Vice President and Chief Investment Officer, American Beacon Advisors

Paul Cavazos joined America Beacon Advisors as chief investment officer and senior vice president in June 2016. Mr. Cavazos is responsible for overseeing corporate pension plan investments and the investment sub-advisors to the American Beacon Funds. His comprehensive background includes leading defined benefit and defined contribution plans, conducting investment manager searches, due diligence and risk-control oversight.

Before joining American Beacon, Mr. Cavazos served as chief investment officer and assistant treasurer at DTE Energy Company in Detroit. He was responsible for the development of asset allocation strategies, as well as fiduciary oversight for DTE’s $10 billion in retirement trust assets. In 2014, Mr. Cavazos received the prestigious CIO Industry Innovation Award of the Year from Chief Investment Officer magazine. Previously, Mr. Cavazos served as chief investment officer at Navistar, where he was responsible for all investment aspects of the company’s $5 billion in retirement trust assets. His experience also includes investment and finance roles at The Boeing Company and Chrysler Corporation.

Mr. Cavazos earned a B.S. in Finance from Oakland University in Rochester, Michigan. He also holds an MBA in Finance from The University of Texas at Austin.

Vice Chair: Mr. Rob Sparling

Chief Investment Officer, Dow Inc.

In his role as Chief Investment Officer since late 2015, Rob Sparling and his team are responsible for assets of approximately $40B, which includes assets for defined benefit plans, defined contribution plans, other employee benefit plans, and captive insurance companies. 

The Dow Portfolio Investments Team manages pension assets in several countries, including the US, Canada, the Netherlands, the United Kingdom, Germany, Switzerland, and Belgium, and works collaboratively by sharing best practices and strategies to source top quartile performance.  The Dow Team employs active and passive strategies, including in-house asset management and derivative overlays for tactical asset allocation, and various strategies to manage to duration targets

Mr. Sparling serves on several Dow committees including the Investment Committee for the DB plans in the US, the Canadian Finance Committee, the UK Trustee Board, the 401(k) Savings Plan Committee. As a director of Liana, Dow’s captive insurance subsidiary, Mr. Sparling chairs the Liana Finance Committee.

Mr. Sparling joined Dow Inc. in 1995 after earning his MBA degree in Finance at Carnegie Mellon University’s Tepper School of Business, and a BSE in Naval Architecture and Marine Engineering from The University of Michigan in 1989.  He earned the Chartered Financial Analyst designation in 2000.

Mr. Sparling stays active in his community and serves as an adjunct professor and has taught various finance classes to graduate and undergraduate students at local state and private universities.  Mr. Sparling also serves on the Board of the Midland Center for the Arts and has been a member of the investment committee for the MidMichigan Health System since 2017.

Treasurer: Ms. Angela Buk

VP, Benefit Funds Investment, 3M Company

Ms. Buk is the VP, Benefit Funds Investment for 3M. In her role, Ms. Buk leads the strategic investment and oversight of 3M’s $35 billion of benefit plan assets. Prior to joining 3M in 2021, she was the Chief Investment Officer for DTE Energy Company (“DTE”), where she led the investment and management of DTE’s benefit plan, nuclear decommissioning and foundation assets.  Prior to joining DTE in 2016, she headed alternative investments at Fiat Chrysler Automobiles, where she was responsible for a multi-billion dollar portfolio of alternative investments including hedge funds, real estate, private equity and opportunistic credit investments.  She also served as a senior auditor with Deloitte LLP , where she performed audits of pension plans, financial institutions and real estate firms, servicing Fortune 500 clients. She has a comprehensive background in alternative investments, defined contribution plan design, investment operations, compliance and risk management.

Ms. Buk received her bachelor's and master's degrees from the University of Michigan, Ross School of Business. She holds a CPA and is a Level II candidate in the Chartered Alternative Investment Analyst program. In addition to her role as Treasurer on the CIEBA Board of Directors, she currently serves as a board member in a charitable capacity for both the Hudson Webber Foundation Finance Committee and the Community Foundation for Southeast Michigan Investment Committee. 

JaySecretary: Jay Vivian 

Jay Vivian is Secretary of CIEBA, a member of the Board of Directors, and does on-site 'real-time' surveys at CIEBA meetings. He has been a member of CIEBA since 1995, joined the Executive Committee in 2000, founded and chaired the Investment Committee in 2002, and became Vice Chair of CIEBA in 2006.  He is the retired CIO and Managing Director of the IBM Retirement Funds, and serves on advisory boards for Rebalance360 and Club Vita.  He recently stepped down from the boards of Alberta Investment Management Company, the ICMA Retirement Corporation, and United Way Worldwide.  He holds an AB in mathematics from Bowdoin College, an MBA from Harvard Business School, and a CFA® charter.



Ruth Bosco Xerox Corporation
Doug Brown Exelon Corporation
Ernie Caballero United Parcel Service
Robin Diamonte Raytheon Technologies Corporation
Alayne Gatti Comcast-NBCUniversal Sky
Jon Glidden Delta Air Lines
Robert Hunkeler International Paper Company
Carol Tusch International Paper Company