The Oklahoma Commissioners of the Land Office, Oklahoma City, will begin to search in the next week for an investment director to replace Herb Johnson, who will retire June 30. The investment director manages a $165 million fixed-income portfolio and monitors external managers, which run the remaining $835 million of the CLO's permanent fund assets.
The CLO will not use a recruiter; anyone interested can apply through the Oklahoma Office of Personnel Management. Requirements for the position include a bachelor's degree in public or business administration, law or a related field, and a minimum of five years of professional experience in accounting, budgeting, finance, law, auditing or a related field. The maximum salary will be $72,000. The agency hopes to have a replacement by mid-July, said Stephen Coit, general counsel.