UAW Retiree Medical Benefits Trust
Staff Biographies
Executive Director

Francine Parker, Executive Director, is best described as a trusted, forthright leader, relationship builder and innovative thinker with a clear strategic vision.  She is respected for her work ethic, data-driven decision-making, decisiveness and high performance standards.

Ms. Parker has nearly 40 years of career experience in the health care arena—starting in 1971 at Blue Cross Blue Shield of Michigan.  In 1979, she began her illustrious career at Health Alliance Plan (HAP) as one of 14 original employees.  She worked her way through the ranks of various positions until 2004; when she was named President and Chief Executive Officer of HAP and Senior Vice President of Insurance-Purchaser relations for Henry Ford Health System.  Her focus on profitable growth, national strategic alliances, product innovation, lower-cost structure, service excellence, quality care, and talent management created revenue generation exceeding $2 billion; a 3-year goal, she accomplished within two years. She retired from HAP in 2008 and was asked to lead the implementation efforts to establish the UAW Retiree Medical Benefits Trust.  Today, she is the Executive Director of the 875,000 member Trust; the largest purchaser of retiree health care in the United States.

Ms. Parker is known and respected as a straight-shooter.  Her words are founded on ethics, honesty and integrity.  She has received numerous awards and accolades throughout her career; including “Forty under 40” and twice named among “100 Influential Business Women” by Crain’s Detroit Business.

She is on the Board of Trustees for Dana VEBA and the Board of Regents for Eastern Michigan University.


Chief Financial Officer

Mary Beth Kuderik is the Chief Financial Officer (CFO).  Ms. Kuderik’s  financial career experience spans over 28 years at General Motors specializing in Financial Management, Post Retirement Benefits, Health Care Finance, Auditing, Compliance & Controls.  Previous responsibilities include directing $59 billion GM US post-retirement benefit obligation (OPEB) finance operations and $4.6 billion GM US health care cash management and forecasting activity.  In addition, she spearheaded a team of auditors and consultants to review benefits, health care plan risks, controls and compliance to generate $26 million in annual cash savings.

Ms. Kuderik holds a Bachelor of Science in Accounting from the University of Dayton and is a Certified Public Accountant and Certified Management Accountant.

Interim Chief Investment Officer

Avtar Vasu is Interim Chief Investment Officer (CIO) of the UAW Retiree Medical Benefits Trust. In this role, Mr. Vasu is responsible for oversight of the Trust's investments that fund health benefits for retirees. At the Trust, Mr. Vasu leads an investment team based in Ann Arbor, MI, responsible for the performance of approximately $56 billion in investment assets.

Mr. Vasu joined the Trust in February 2013 as a Senior Managing Director responsible for building a portfolio of liquid and illiquid real returns strategies including real estate, commodities, natural resources and infrastructure investments.

Prior to joining the Trust, Mr. Vasu was a Managing Director at the Harvard Management Company (HMC) in Boston. During his tenure at HMC, he oversaw a portfolio of timberland, agriculture, shipping, mining, and commodity assets across multiple geographies.

Before joining the HMC, Mr. Vasu was a founding General Partner and CIO at Wood Creek Capital Management, based in New Haven, CT. He began his career in finance at Deutsche Bank. He subsequently served as a co-portfolio manager for a high net worth family and later as a Vice President at Putnam Lovell.

Prior to entering the financial services industry, Mr. Vasu, a licensed professional engineer, held positions in the infrastructure design and construction industry in India and the US.

Mr. Vasu holds a Master of Science degree in Civil (Geotechnical) Engineering from the State University of New York at Buffalo, a Masters of Business Administration from the University of Chicago's Graduate School of Business. He is a Chartered Financial Analyst (CFA) and member of the CFA Institute.

Chief Corporate Governance Officer

Meredith Miller is the Chief Corporate Governance Officer. She oversees the Corporate Governance Program of the Trust for domestic and international equities, including building relationships with the Trust’s investment managers around sustainability issues and proxy voting practices.

Ms. Miller joined the Trust in 2010 after serving 12 years as Assistant Treasurer for Policy for the Connecticut State Treasurer.  In this capacity, Ms. Miller was responsible for the Treasurer’s initiatives related to Corporate Governance for the Connecticut Retirement Plans and Trusts, economic development and financial education.  Ms. Miller previously served in the Clinton Administration as the Deputy Assistant Secretary for Policy, Pension and Welfare Benefits Administration, U.S. Department of Labor.  Ms. Miller also served as the Assistant Director of the Employee Benefits Department, AFL-CIO and previously as the Assistant Director of Research for Employee Benefits, Service Employees International Union. 

Ms. Miller received a Bachelor of Arts degree from Hampshire College, Amherst, Massachusetts and her Master’s of Science from the London School of Economics, London, England.

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