The Public Employee Benefits Corporation, better known as PEBSCO, provider of NACo's deferred compensation program for public employees, recently announced the resignation of its president, Jay Wilkinson.
Wilkinson's resignation came on the heels of a reorganization undertaken by PEBSCO's parent company, Nationwide Insurance. The reorganization combines PEBSCO sales and marketing operations with other similar financial services. The new unit will be headed by Duane Meeker, president of Nationwide Financial Institutions.
Wilkinson joined PEBSCO in 1976 as president of PEBSCO/Alabama. He became PEBSCO's chief operating officer in January 1982, and president five months later.
Under his leadership, PEBSCO became a dominant force in the public market sector. PEBSCO now has more than $11 billion in assets and nearly 800,000 participants in approximately 6,300 counties, cities or other public agencies.
"More than any other individual, Jay Wilkinson can lay claim to inspiring the strength and goodwill PEBSCO now enjoys among the nation's counties. We wish him the best of luck and good fortune," commented NACo Executive Director Larry Naake.
PEBSCO is the endorsed provider for NACo's deferred compensation program.