Clarey currently serves as Senior Vice-President and Chief Regulatory & External Relations Officer for Health Net, Inc. Prior to her position at Health Net, Clarey was Chief of Staff to California Governor Arnold Schwarzenegger. She has directed federal, state, and local government affairs for two major corporations, Chevron and Transamerica, and served as president of the Transamerica Foundation in San Francisco. In addition, Clarey served at senior levels for the Department of the Interior in President Reagan's administration, and was Deputy Chief of Staff for former California Governor Pete Wilson. Her committee appointments on the CalPERS Board are pending. Clarey received her master’s degree in Public Administration from the John F. Kennedy School of Government at Harvard University, and her bachelor’s degree from Union College in Schenectady, N.Y.