Gov. Armstrong new chair of State Investment Board

BISMARCK, N.D. (KVRR) — The North Dakota State Investment Board elected Gov. Kelly Armstrong as the new chair.

While state statute gives the governor a place on the board, the State Investment Board chair position has historically been held by the Lieutenant Governor.

“I look forward to working with the State Investment Board members and the Retirement and Investment Office staff to ensure the investments managed by the agency continue to benefit the people of North Dakota,” said Armstrong. “Together, we will uphold our mission of fiduciary excellence, transparency and long-term financial success.”

The SIB has also voted to offer Jodi Smith a position as interim executive director of the North Dakota Retirement and Investment Office. Smith is currently the director of land and compliance for the Metro Flood Diversion Authority and previously served as commissioner of the North Dakota Department of Trust Lands. That role included serving on the SIB.

As interim executive director, Smith would oversee RIO’s operations, including coordinating the activities of the SIB and the Teachers’ Fund for Retirement (TFFR).