Lynne N. Ward is stepping down as executive director of the Utah Educational Savings Plan, Salt Lake City, spokeswoman Melanie Heath said.
Ms. Ward, who has led the $14 billion 529 plan since 2004, will step down effective Oct. 4. She will continue in roles on various boards, including board director of Merit Medical Inc. and a member of the University of Utah's investment advisory committee.
Richard K. Ellis, senior director of compliance, finance and investments, is expected to be appointed as her replacement at the Utah System of Higher Education's board of regents meeting Sept. 13. Mr. Ellis will decide what steps to take to fill his current role when he becomes executive director, Ms. Heath said.