LOS ANGELES (CNS) - Emanuel Pleitez, the fifth-place finisher in the March mayoral primary, was appointed today to the nine-member Board of Fire and Police Pension Commissioners by Mayor Eric Garcetti.

Pleitez was chosen for the commission because he is “an innovator” who will “bring a keen eye to the operations of this pension system -- he is a reformer,” mayoral spokesman Yusef Robb said.

The mayor appoints five members of the board. Pleitez's appointment requires approval by the City Council.

Pleitez, a 30-year-old former tech company executive, finished fifth in the eight-candidate primary with 4.1 percent of the vote. He endorsed Garcetti in the runoff election.

During his campaign, Pleitez ran on a platform that included a buyout plan to give employees the opportunity to take out their retirement benefits now, rather than later, presumably saving the city money.

Pleitez now chairs the Hispanic Heritage Foundation. He previously served as chief strategy officer for the tech company Spokeo. He was also a financial analyst at Goldman Sachs and served stints in the federal government as a staffer in the U.S. Department of the Treasury and a member of the President's Economic Recovery Advisory Board.

Prior to running for mayor, Pleitez finished third in the five-candidate field in the 2009 special election in the 32nd Congressional District to fill the vacancy caused by Hilda Solis' resignation to become secretary of labor.

Pleitez has a bachelor of arts degree in Urban Studies from StanfordUniversity.