Pentegra’s Board of Directors has announced that Eric Wietsma will succeed John E. Pinto as President and CEO, following Pinto’s retirement at the end of June 2023. Wietsma currently serves as Senior Vice President, Chief Operations Officer at Pentegra.
“The Board of Directors is thrilled to have chosen an individual of Eric’s caliber to lead Pentegra. He possesses the qualifications and expertise to guide and grow Pentegra to a bright future and create a lasting impact on the industry,” Pentegra Board Chair, David H. Hehman, said in a statement. “At the same time, we are grateful for John Pinto’s leadership and countless contributions. John has been part of the fiber of this organization for the last 31 years and integral to every success that this organization has achieved over the course of his career. He leaves Pentegra and its team well-positioned for future success.”
Having joined the organization in 1991, Pinto became Pentegra’s President and CEO in 2013. During his tenure, the company nearly doubled its assets under administration to $13 billion. He successfully led several of Pentegra’s most important strategic initiatives over the past decade, including the acquisition of Advanced Pension Solutions (APS) in 2013 and New Pinnacle Consulting Group (NPCG) in 2022. Under his direction, Pentegra developed key strategic partnerships to offer its ERISA 3(16) fiduciary services in conjunction with major recordkeeping and payroll providers in the retirement industry.
“It has been a true honor leading the Pentegra organization. I look forward to working with Eric to successfully transition him to his new role. Eric is an innovative, experienced and dedicated leader with a proven track record of success,” stated Pentegra President John Pinto. “His extensive retirement industry background and business development skills will help Pentegra strengthen partnerships, develop strategic alliances and expand its industry presence.”
In currently serving as Senior Vice President, Chief Operations Officer at Pentegra, Wietsma is responsible for two wholly owned subsidiaries of Pentegra and a group trust for which Pentegra provides administrative and investment services, along with the management of Pentegra’s Defined Contribution (DC) and Third-Party Administrator (TPA) operations. He joined the organization in February 2022. Prior to joining Pentegra, Wietsma served as Head of Workplace Operations at MassMutual where he led an 800-plus employee organization.
“I could not be more grateful and excited to accept the position as President and CEO of an organization with such a rich history and legacy,” added Wietsma. “John has done a wonderful job in positioning our organization for future success. I look forward to working with Pentegra’s extremely talented team and to building on the achievements of the past 80 years.”
