The Board of Pensions of the Presbyterian Church (U.S.A) has elected Frank C. Spencer, president of Habitat for Humanity in Charlotte, N.C., as its new president and chief executive officer, pending approval from the 2014 General Assembly.
Rob Maggs, president of the Board of Pensions for close to 15 years, announced in 2012 his intention to retire in 2014. On Feb. 28, after conducting a comprehensive search, the board elected Spencer, a ruling elder and currently a student in the master of divinity program at Union Presbyterian Seminary in Charlotte, to succeed Maggs.
Currently president of Habitat for Humanity in Charlotte, Spencer has extensive experience in real estate investment and development and earned a master of business administration from the Harvard Business School. If the General Assembly confirms his election, Spencer will begin work at the Board of Pensions July 1.