Texas Permanent School Fund, Austin, soon will have its first deputy director to oversee the investment management and administrative staff of the $25 billion fund.
Robert Scott, Texas commissioner of education, informed elected trustees of the state Board of Education at a mid-September board meeting of his intention to create the new position for the Texas Permanent Fund, confirmed Suzanne Marchman, a spokeswoman for the Texas Education Agency, in an interview. The agency oversees the Permanent Fund.
Ms. Marchman said Mr. Scott is considering using an executive recruitment firm to field candidates for the deputy director’s job, which also will be advertised publicly.
The agency posted an RFQ for executive recruitment firms on its website but did not receive any replies, Ms. Marchman said. The RFQ for executive search services is available here.
Mr. Scott has not set an exact time frame for filling the new position but would like to fill it “soon,” Ms. Marchman noted.