TIAA Elects Larry Linden as Trustee

New York, February 02, 2010

Teachers Insurance and Annuity Association of America (TIAA) today announced the election of Larry Linden to its Board of Trustees.

Mr. Linden is Founder and Trustee of the Linden Trust for Conservation, which was founded to help stabilize Earth's biodiversity and ecological processes for the benefit of humanity, by raising the quantity and improving the effectiveness of financial resources - public and private - brought to bear. He succeeds Glen Britt, who has left the Board to dedicate time to other commitments.

"Larry brings to TIAA vast experience in financial services, combined with strong expertise in technology and operations," said Ronald L. Thompson, Chairman of the TIAA Board of Trustees. "This background, coupled with his sound judgment, integrity and a record of service in the private, government and nonprofit sectors will make him an excellent addition to the Board of Trustees."

Mr. Linden is a former General Partner and Managing Director at Goldman Sachs, where he was a leader of the build-out of the firm's integrated trading infrastructure through its global expansion in the 1990s. More recently, as an Advisory Director, he led the firm's project to establish a large nature reserve in Tierra del Fuego, Chile and advised the firm on its environmental policy. He retired in 2008.

Before joining Goldman Sachs in 1992, Mr. Linden was a Partner at McKinsey & Co., where he worked with corporations in the industrial, technology and financial sectors, and served on the White House Staff in the Carter Administration, leading technology policy development for the transportation and energy sectors and for environmental protection. He is the Chairman of the Board of Trustees of Resources for the Future, where he led the search for the current CEO and, with that new CEO, co-led the development of a new strategy now under implementation, and is Co-Chairman of the Board of Directors of the World Wildlife Fund, where he also co-led a strategic review.

Mr. Linden also serves as Senior Advisor to the Redstone Strategy Group, a leading management consulting firm in the conservation arena. He has lectured on the management of large-scale conservation programs at Yale, Columbia and Princeton. Mr. Linden holds a PhD from MIT and a BSE from Princeton.

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

Media Contact:

Abby Aylman Cohen, Manager, Corporate Media Relations, 212 916-4381 Cell: 1 917 596-4758

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. TIAA-CREF Institute is a division of Teachers Insurance and Annuity Association (TIAA), New York, NY.

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