of Texas Investment Management Company (UTIMCO) has appointed Mark Warner
as interim CIO and chief executive following Bruce Zimmerman’s resignation
earlier this week.
Warner, currently a senior
managing director leading natural resources investments, will helm the $37
billion endowment until a permanent replacement is found.
“We have the utmost confidence
in Mark Warner and his ability to provide leadership and make progress while we
conduct a national search for UTIMCO’s next CEO/CIO,” said Jeffrey Hildebrand,
UTIMCO board chair and vice chairman of the UT System Board of Regents.
The board also authorized on
Thursday the creation of a search advisory committee and the hiring of an
executive search firm to help select Zimmerman’s successor.
“We have a tremendous
opportunity to build on UTIMCO’s strong foundation, and I have no doubt that
the opening will attract the best possible talent to both protect and grow our
investments for the benefit of Texas public higher education,” Hildebrand
Warner first joined UTIMCO in
2007 to manage its natural resources investments. Most recently he was
responsible for several portfolios including emerging markets and private
He holds an MBA from Southern
Methodist University’s Cox School of Business.
of Texas Endowment Chief Zimmerman Exits