Jon Clark was appointed as the next state investment officer of the $49 billion New Mexico State Investment Council.
The council voted 8-0 on Dec. 27 to name him to the role, which Clark will assume on Jan. 22, 2024, said council member Catherine Allen in the meeting.
Clark will replace Steve Moise, who retired from the state investment council on Oct. 1st after 13 years.
"I am humbled by the responsibility, honored by the opportunity, and excited by the prospect of being able to help and improve and positively impact the lives of so many New Mexicans with this work," Clark said in a news release.
Clark will come to the role from the New Mexico Economic Development Department, where he served as the deputy cabinet secretary since 2019. Officials at the department could not immediately comment on who would succeed Clark in his previous role.
"Now I look forward to becoming part of the amazing team at (the council) that has overseen the remarkable growth in our endowment and reserve funds," Clark added. "Although the two agencies have different goals and objectives, the overall mission is similar: to secure New Mexico's future and elevate the standard of living for New Mexicans."