Ashbel C. Williams Jr. was offered the position of executive director/CIO of the $163.5 billion Florida State Board of Administration, Tallahassee, pending contract negotiations and trustees’ approval.
Trustees have instructed Robert Milligan, interim executive director, to negotiate contract terms with Mr. Williams, who was executive director of the Florida SBA from 1991 to 1996, according to Dennis D. MacKee, the board’s communications director. Mr. Milligan is expected to present a proposed contract for approval at the trustees’ meeting, scheduled for July 29.
Mr. Williams is managing director of hedge fund manager Fir Tree Partners. Mr. Williams and Jim Walker, a Fir Tree managing partner, were unavailable for comment.
Executive recruiter Hudepohl & Associates is assisting.
Coleman Stipanovich resigned as executive director in December. The CIO title and duties were added in restructuring the position for the search to fill the opening. The board previously had eliminated the CIO position in an organizational restructuring in 2006 when then-CIO David Villa left.
Tags: communications director, contract negotiations, contract terms, executive recruiter, fir tree partners, florida state board, florida state board of administration, hedge fund manager, interim executive director, jim walker, mackee, managing director, organizational restructuring, robert milligan, tallahassee