The General Assembly voted June 18 to confirm the elections of Frank C. Spencer as the new president and CEO of the Board of Pensions and of Tom Taylor for another term as president of the Presbyterian Foundation.
Spencer has experience as an executive in finance and commercial real estate, and since 2012 he has served as president and chief executive officer of Habitat for Humanity in Charlotte, N.C. He also has been studying for a Master of Divinity degree at Union Presbyterian Seminary in Charlotte. He succeeds Rob Maggs, who is retiring after leading the Board of Pensions for 15 years.
“This is a humbling call,” Spencer told the assembly after his confirmation. “This is also a critical time in the church. We know we are facing structural and resource issues. To face those challenges, the Board of Pensions will remain an energetic and honest conversation partner with the broader denomination . . . I am confident we will find a way forward, because as a seminarian seeking ordination as a teaching elder, I must be optimistic. I am optimistic because we proclaim the gospel of Jesus Christ, the heart of which is transformation.”
Taylor, a lawyer and teaching elder who was confirmed for a second four-year term, described his stint at the foundation as “the most satisfying and most meaningful and most fun work I have ever done – and I was a whitewater raft guide, so that is saying something.”