Lyn Hutton will become CIO of Commonfund Jan. 1. She will replace Todd Petzel, who will leave at year-end to start his own alternative investments company, Azimuth Alternative Investments.
Ms. Hutton, vice president and CFO of the $4 billion John D. and Catherine T. MacArthur Foundation, Chicago, is responsible for investment management and financial administration. The foundation will start a national search for a replacement, said Jen Humke, communications officer. No details are available yet, she said.
Previously, Ms. Hutton was vice president and treasurer of Dartmouth College, Dartmouth, N.H.