North Dakota State Investment Board, Bismarck, hired executive search firm EFL Associates to assist in finding a replacement to succeed Chief Investment Officer Stephen Cochrane, who died April 10 of an apparent suicide, confirmed Fay Kopp, deputy executive director.
The board oversees the state's combined $3 billion teachers' and public employees' retirement funds.
Ms. Kopp said the system aims to fill the position by the fall.
LeRoy Gilbertson is serving as interim executive director and CIO. Mr. Gilbertson was director of the $21 billion Arizona State Retirement System, Phoenix; he retired in 2003.