Fay Kopp, deputy executive director and chief retirement officer of the North Dakota Retirement and Investment Office, Bismarck, will retire March 31.
As of Feb. 24, the office and human resources were in the process of formally extending an offer to a candidate who would replace Ms. Kopp, according to board documents published on North Dakota RIO's website.
The retirement and investment office oversees the North Dakota State Investment Board, which had $16.3 billion in assets in its pension trust, insurance trust and legacy trust funds, as of Dec. 31.
On March 1, Denise Weeks, a retirement benefits specialist, was promoted to the role of RIO's retirement program manager. Ms. Weeks replaced Shelly Schumacher, who retired Feb. 29, board documents show.
As a result of Ms. Weeks promotion, the retirement and investment office plans to hire a new retirement benefits specialist.
David J. Hunter, executive director and chief investment officer of the retirement and investment office, could not immediately be reached for comment.