US — The Securities and Exchange Commission (SEC) executive director Jim McConnell will retire after 16 years in the role in order to pursue private sector options starting in the fall.
McConnell said he would leave at the beginning of June but would assist with transition efforts.
During his tenure, he has been responsible for financial management, human resources, filings and information services, strategic planning, audited financial statements, internal control, and information technology.
The 58-year old joined the SEC in 1984 as a management analyst, and was then selected as the agency's chief management analyst, and appointed by Chairman Richard Breeden as Executive Director in 1990.
In the 16 years that followed, the SEC's budget grew from $94m to over $900m.
By Damian Clarkson
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