Daniel Pedrotty was named Director of the AFL-CIO Office of Investment today. Pedrotty, an attorney with expertise in securities law and political campaign experience, previously served as the Office’s senior strategist.

According to AFL-CIO President John Sweeney, “Now more than ever we need to use the power of pensions and stock ownership for the good of working people. I have full confidence in Dan’s leadership as the office promotes corporate accountability, retirement security for all Americans and a strong voice for workers in the capital markets.”

The Office of Investment led the fight against recent attacks on retirement security in California and Colorado, worked to enable shareowner access to the proxy in director elections and helped spearhead the reform of CEO pay rules for the first time in 14 years. The Office of Investment also produces the annual AFL-CIO Key Votes Survey (http://www.aflcio.org/corporatewatch/capital/toolbox.cfm) and the Executive Paywatch website (http://www.aflcio.org/corporatewatch/paywatch/).

Union members participate in benefit plans with over $5 trillion in assets. Union-sponsored pension plans hold approximately $400 billion in assets, and union members also participate in the capital markets as individual investors.

Contact:  Esmeralda Aguilar (202) 637-5018