Kevin SigRist was named deputy executive director of the $153 billion Florida State Board of Administration, Tallahassee, effective June 1, according to Michael P. McCauley, director of investment services and communications. The title is new, replacing that of CIO. Mr. SigRist will assist Coleman Stipanovich, executive director, in "managing and directing investment functions and policy, including the strategic and tactical allocation of investment assets," Mr. McCauley said in a statement. The senior investment officers of each asset class will report directly to Mr. SigRist. He replaces David Villa, who resigned as CIO to join the $83.1 billion State of Wisconsin Investment Board, Madison, as its CIO, effective June 5. Mr. Villa will leave the Florida board May 30, Mr. McCauley added. Mr. SigRist is currently chief of enterprise risk management and investment services at the Florida board; that position is expected to be filled internally in a few weeks, Mr. McCauley said.