TIAA-CREF Names Georganne C. Proctor, Chief Integration Officer

New York, January 11, 2010

TIAA-CREF today named Georganne C. Proctor to the position of Executive Vice President and Chief Integration Officer, a newly created role. She will continue to serve as Chief Financial Officer while the company initiates a search for her successor.

The Chief Integration Officer will be responsible for leading TIAA-CREF’s work to institute, refine and integrate processes across the enterprise to assure a holistic client experience and promote efficiency and ease of doing business.

"Georganne is the right leader to advance our integration aims," said Roger W. Ferguson, Jr., TIAA-CREF’s President and CEO. "As Chief Integration Officer Georganne will be instrumental in leading initiatives to reduce complexity, promote efficiency and assure that we’re delivering services that meet clients’ evolving financial needs. She has transformed TIAA-CREF’s financial and cost management, reinforced TIAA’s capital base and brings a wealth of experience in process efficiency and redesign to this strategically significant role."

Prior to joining TIAA-CREF in 2006, Ms. Proctor was chief financial officer and a director of Bechtel Group, Inc., where she oversaw a series of global strategic planning, financial and operational improvements.

About TIAA-CREF
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $402 billion in combined assets under management (as of 9/30/09) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

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