Ronald D. Schmitz was named director of investments for the $44 billion Oregon State Treasury, which includes the $33 billion Oregon Public Employees Retirement Fund, Salem, said Linda Haglund, deputy state treasurer. The appointment is effective Dec. 1. Mr. Schmitz is replacing Dan Smith, who retired in February.
Mr. Schmitz is CIO at the $7.5 billion Illinois State Board of Investment. The board will meet on Oct. 18 to decide on a course of action for finding a new CIO, said Mr. Schmitz. Jane R. Patterson, executive director, will handle CIO responsibilities on an interim basis, she said. Mr. Schmitz will work at the Illinois fund until December, Ms. Patterson said.