Executive Director & CEO Eric Madoff
Eric Madoff joined the New York State Insurance Fund on January 6, 2014, following his election as NYSIF
Executive Director and Chief Executive Officer by the NYSIF Board of Commissioners.
Mr. Madoff previously served at the New York State Department of Financial Services (DFS) as chief of staff from 2011 to 2013, where he oversaw the successful merger of the New York State Insurance and Banking departments, creating DFS. While at DFS, Mr. Madoff had operational responsibility for an agency of 1,400 employees, and he implemented numerous initiatives to improve efficiency and customer service.
Prior to his time at Financial Services, Mr. Madoff served as the chief investment and chief strategy officer for the New York Liquidation Bureau. He was responsible for $2 billion in investment assets for the bureau, which manages insurance companies placed into receivership by DFS.
Before joining New York State service, Mr. Madoff spent many years in the financial industry, first at Goldman, Sachs & Co, and then as an analyst, portfolio manager, and partner in asset management firms.
Mr. Madoff earned a master of business administration degree from Harvard Business School and a bachelor of science degree from the United States Military Academy at West Point. He served on active duty in the United States Army as a Field Artillery Officer, leading soldiers in support of NATO’s mission in Europe and as part of a light infantry division in Hawaii.
Chairman Kenneth R. Theobalds
The New York State Insurance Fund Board of Commissioners elected Kenneth R. Theobalds as NYSIF Chairman on January 22, 2014. Mr. Theobalds is vice president of Government & Regulatory Affairs for Entergy, and has been a member of NYSIF’s Board since 2008. He is also a former NYSIF deputy executive director.
Mr. Theobalds has over 20 years’ experience in New York public affairs. He has direct responsibility for Entergy’s regulatory, state and local government relations in New York, Massachusetts, Vermont and Michigan.
- Member of the board of directors of the Business Council of New York State, and the executive committee of the Business Council of Westchester and the Westchester County Association
- Former congressional staffer and assistant secretary to former New York Governor Mario M. Cuomo
- Past chairman of the African American Chamber of Commerce of Westchester and Rockland, Inc.
- Graduate of Cornell University and the Entergy Executive Program