US – The largest pension fund in the world, Calpers, has named Priya Sara Mathur as the first woman to its board for 40 years. Not only that, but the 29-year old is also the 133 billion dollar fund’s youngest ever board member.

Calpers said in a statement that Mathur, a principal financial analyst at the Bay Area Rapid Transit District, is to start her four-year tenure on the 13-member board of administrators on January 16.

Other new representatives are Professor George Diehr of California State University, representing California state employees and Rob Feckner, an unopposed candidate who will continue to represent school members. California state controller Steve Westly also joins the board as an ex-officio member, replacing his predecessor Kathleen Connell.

The changes come as Calpers’ president William Crist’s tenure is set to end this month. He will be replaced on an acting basis by current vice president Robert Carlson. A new president will be elected at the board’s February meeting.

Mathur replaces Michael Flaherman while Diehr takes over Crist’s board seat.