Kanoe Margol was named interim executive director of the $13.9 billion Hawaii Employees' Retirement System, Honolulu, effective Dec. 29, said Wesley Machida, outgoing executive director.
Mr. Machida is resigning to become the state's director of finance and head of the Department of Budget and Finance. His last day at the pension fund is Dec. 26.
Mr. Machida said pension fund officials will launch a search for a permanent director. He did not have a timeline for the search because discussions are still preliminary.
Ms. Margol is currently the pension fund's deputy executive director. Karl Kaneshiro, a benefits manager, will take over Ms. Margol's deputy post while she serves as interim executive director.