William G. Clark, director of the $68.7 billion New Jersey Division of Investment, plans to resign on Feb. 5, confirmed Orin Kramer, chairman of the state's investment council.
Mr. Clark notified staff at the division of his resignation through an e-mail, Mr. Kramer said in a telephone interview. Mr. Kramer said Mr. Clark has accepted an “attractive” job offer, but Mr. Kramer declined to name the company. Mr. Kramer said he anticipates an “orderly transition process.” Ray A. Joseph, deputy director, will serve as acting director until a new director is chosen.
Mr. Clark was unavailable for comment.
The New Jersey State Investment Council creates policies for the investment of funds overseen by the Division of Investment.