Dartmouth College is currently seeking a new investment chief after CIO Pamela Peedin announced she will leave her position in June.
Peedin has resigned from her role of almost six years to focus on her family, according to a statement from Dartmouth. As CIO, she oversaw management of an endowment that on June 30 was valued at $4.5 billion.
“This was not an easy decision for me,” Peedin said in a statement. “I do work I love for an institution I love. I am fortunate that I can make this choice and grateful for the incredible opportunity to lead a talented investment office and help support Dartmouth’s mission.”
Dartmouth has hired executive search firm David Barrett Partners to find a successor. Dartmouth trustee Richard Kimball, who chairs the board’s investment committee and is founding general partner of the growth equity firm Technology Crossover Ventures, will lead the search alongside Beth Cogan Fascitelli and Alice Ruth, both members of the board’s investment committee.
Dartmouth President Phil Hanlon said that Peedin brought great “skill, discipline and rigor” to the role. “She has also brought great success,” he added. “She will be greatly missed, but we respect the decision she’s made.”
Peedin previously served as CIO of Boston University and managing director at investment consulting firm Cambridge Associates. She is a 1989 graduate of Dartmouth and a 1998 graduate of the Tuck School of Business.