Provided by McDonald Capital ManagementLUBBOCK, Texas (NEWS RELEASE) - McDonald Capital Management (MCM) announced today that Eric McDonald, CFA, Founder, Chief Investment Officer, and Senior Portfolio Manager, has been appointed by Texas House Speaker Dustin Burrows to serve a six-year term on the Board of Trustees of the Employees Retirement System of Texas (ERS), which oversees the retirement, insurance, and health benefits program serving Texas state employees, retirees, and their families."It is a real honor to be considered for this position by Speaker Burrows and I will do my utmost to serve the beneficiaries of ERS," McDonald said.

"I look forward to working with the Board and staff of the system for the employees of the great State of Texas.""I'm proud to appoint Eric McDonald to serve on the Employees Retirement System of Texas Board of Trustees," said Speaker Burrows.

"Eric brings to this role a wealth of experience in finance and prior service to our West Texas community and the State of Texas. I have no doubt he will continue serving our state and its employees well in this new capacity."McDonald founded MCM in 1990 and has previously served as an investment advisor to the Permanent School Fund of Texas and as a Trustee of the Teacher Retirement System of Texas, appointed by Governor Rick Perry.