SACRAMENTO – On Thursday Gov. Arnold Schwarzenegger appointed Cameron Percy and Steven Kram to the California State Teachers’ Retirement System Board.

Both appointments are effective Jan. 1, 2011, and require Senate confirmation. The compensation is $100 per diem.

“I am proud to appoint these two highly qualified individuals to the California State Teachers’ Retirement System Board,” said Schwarzenegger. “Like all public pension funds, CalSTRS is operating in a difficult environment and is working hard to serve its members without increasing burdens on school districts and the state's general fund. I know both Steven and Cameron are well aware of these challenges and have the ability to work collaboratively with the other board members to meet them. I encourage a swift and affirmative confirmation for both appointees.”

Kram, 54, of Los Angeles, co-founded Content Partners and has served as president and chief executive officer since 2005. Prior to that, he was executive vice president and chief operating officer for William Morris Agency from 1988 to 2005 and senior general attorney for the American Broadcasting Co. from 1982 to 1988.

Kram was a law clerk for New York Judge Theodore Kupferman from 1981 to 1982. He earned a juris doctorate degree from the University of Delaware in 1981 and a bachelor of arts degree from Syracuse University in 1978. Kram is a Republican.

Percy, 26, of Palo Alto, co-founded Avenace and has served as chief financial officer since 2009 and a consultant and program manager for RDPA since 2001.

He worked as teaching assistant for the Department of Economics and Public Policy Program at Stanford University from 2008 to 2009, research intern for the Scowcroft Group in 2007, intern for the general counsel of the National Business Aviation Association in 2007 and intern for LeBouef, Lamb, Greene, and McRae in 2005.

Percy earned a master of arts in sociology in 2008 and a bachelor of arts in sociology in 2007 from Stanford University.