Marie N. Berggren has retired as University of California's chief investment officer after 11 years, the university announced in a news release.
Ms. Berggren, who was also vice president-investments and acting treasurer of the University of California, decided to retire for personal reasons, the news release said. Her last day was July 2.
“We are grateful to Marie Berggren for her years of dedicated service as chief investment officer and the many contributions she has made to the University of California,” said UC President Mark G. Yudof in the statement. “The Board of Regents and I wish her a healthy and fulfilling retirement.”
Associate CIO Melvin Stanton and Senior Managing Director-Fixed Income Randy Wedding will manage operations and oversee the investment portfolio, and will report to Peter Taylor, chief financial officer.
University spokeswoman Dianne Klein said a national search will be conducted for a permanent replacement for Ms. Berggren.