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Gordon Hartogensis Sworn in as PBGC Director

Gordon Hartogensis Sworn in as PBGC Director
FOR IMMEDIATE RELEASE
May 16, 2019

WASHINGTON – On Wednesday, May 15, 2019, Gordon Hartogensis was sworn in as the 16th director of the Pension Benefit Guaranty Corporation.

“I am honored to serve in this important role,” Hartogensis said. “I am looking forward to working with Congress, the Administration and stakeholders to protect and advance the retirement security of the nearly 37 million Americans we insure.”

Hartogensis succeeds Tom Reeder, who served as director from October 2015 – May 2019.

Hartogensis is an entrepreneur, investor and technology sector leader with experience in finance, asset management and software development.

Hartogensis left a brief career on Wall Street to build a startup software company called Petrolsoft Corporation – a supply chain software company later acquired by Aspen Technology. Hartogensis served in a leadership role at Aspen until June 2002.

Shortly after his departure from Aspen Technology, Hartogensis founded Auric Technology LLC. As founder and chief executive officer, he was instrumental in the development of customer relationship management software solutions and support. He remained with the firm after it was sold to Telenorm in 2011.

Prior to joining PBGC, he managed a portfolio of private equity, venture capital, real estate, and angel investments, and served as an advisor to several portfolio companies.

Hartogensis grew up in Maryland where he attended Montgomery County public schools. He holds a B.S. in Computer Science from Stanford University and an M.S. in Technology Management from Columbia University.

Hartogensis, his wife Grace and their two children reside in Connecticut.

About PBGC:

PBGC protects the pension benefits of nearly 37 million Americans in private-sector pension plans. The agency operates two separate insurance programs — one covering pension plans sponsored by a single-employer and another covering multiemployer pension plans, which are sponsored by more than one employer and maintained under collective bargaining agreements. PBGC is currently responsible for the benefits of about 1.5 million people in failed pension plans. PBGC receives no taxpayer dollars. Its operations are financed by insurance premiums, investment income, and, for the Single-Employer Program, assets and recoveries from failed single-employer plans. For more information, visit PBGC.gov.

Press Release Number: 
19-06