David J. Hunter, executive director and chief investment officer of the North Dakota Retirement & Investment Office, Bismarck, has resigned effective June 22.
His future plans were not disclosed in a news release Tuesday. Jan Murtha, deputy executive director, will serve as interim executive director upon Mr. Hunter's departure and Darren Schulz, deputy CIO, will serve as interim CIO until a replacement is found.
The North Dakota State Investment Board plans to issue an RFP for an executive search firm to assist the board in the search for a replacement, Ms. Murtha said in an email. She said the board hopes to issue it before July 1 and post it on the state's procurement website.
The office oversees the investment management of the assets of the state's $8.2 billion Legacy Trust Fund, $6.4 billion Pension Assets Pool and $3.1 billion insurance trust. Mr. Hunter could not be immediately reached for further information.
