US - Laurie Fiori Hacking has resigned as executive director of the US$68bn Ohio Public Employees Retirement System (OPERS) to take up the same role at the Minnesota Teachers Retirement Association.
Hacking was executive director since 2000, and will leave OPERS at the end of February.
The OPERS board said it would engage an executive recruitment firm to conduct a national search for a replacement, and aimed to conclude the process by mid-year.
During her time as executive director, Hacking helped grow OPERS’ assets from $56.6bn in 2000 to $68bn.
She also grew assets by 21% since 2000, including a combined 41% growth during 2003-2004.
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