$325K-A-Year State Investment Officer Leaves Job After 10 Days
But Crawford was suddenly gone from the post within 10 days with little explanation.
"This is an unfortunate situation," said longtime state Treasurer
The state comptroller's office, which oversees the state payroll, said Crawford received more than
The treasurer's office declined further comment Monday beyond Nappier's statement.
It was far different on
"Sean brings fresh ideas, depth of knowledge and hands-on experience with a range of asset classes, as well as thought leadership strength in the management of pension and trust funds," Nappier said in a statement.
The state's search that led to Crawford's hiring lasted for more than a year and included the assistance of
Nappier said that Crawford "built an impressive record" overseeing
Crawford had 21 years in the investment business, including working in key posts for
Former employees say that the treasurer's office is a difficult, high-pressure place to work with high turnover through the years. Nappier, the former
Republican
"I'm not at all surprised as somebody who ran against her in 2014," Herbst said Monday of the departure. "It's pretty standard operating procedure over the last 20 years. The turnover is high over there. To work for her is not exactly the model job."
Crawford could not be reached for comment Monday.
With Crawford's departure, Nappier announced that
Martin then went back to her original role as deputy chief investment officer in May, forming a team with Crawford. Now, she will have the top job.
A certified public accountant and graduate of the
"We need new leadership to bring continuity and professionalism in that office," Gray said Monday night. "It would be my goal as state treasurer to restore confidence and accountability from the top down, get insights from the employees and foster a sense of professionalism."
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