Jan Murtha will step down as executive director of North Dakota's Retirement and Investment Office at the start of the new year, according to an announcement from North Dakota's State Board of Investment.
The office is a state agency responsible for coordinating the activities of the State Investment Board, which oversees North Dakota's Legacy sovereign wealth fund as well as 28 government pension and insurance funds.
At a Nov. 22 SIB meeting, Murtha announced "that she will be transitioning to philanthropic and private sector opportunities. Her last day with the agency will be Jan. 3," according to a news release.
The news release praised Murtha for building a world-class investment organization over her three-year stint as executive director, with the combined assets of the institutional pools SIB oversees rising to $23.6 billion today, a gain of almost $4 billion during her tenure.
A special SIB meeting will be held after Dec. 14 to name an interim executive director.
A permanent replacement for Murtha as executive director will be named over the coming six months or so, an SIB spokeswoman said.
Murtha replaced David J. Hunter, who resigned from the executive director position in June 2021.
