Investments

College of Chicago, Boeing title new CIOs

College of Chicago and Chicago-based Boeing Co. each introduced new chief funding officers over the weekend.

Andrew T. Ward was named vp and chief funding officer on the College of Chicago, efficient Oct. 20.

Mr. Ward will oversee the funding administration of the college’s $10 billion endowment. He’ll change Mark A. Schmid, who retired from the college on Sept. 1, a information launch mentioned Oct. 15.

Mr. Ward was beforehand vp and CIO at Boeing Co., Chicago, the place he oversaw its outlined profit plan and 401(ok) plan, which have greater than $100 billion in mixed belongings.

Elizabeth Tulach, Boeing’s deputy CIO, is changing Mr. Ward as CIO, Boeing spokesman Michael D. Friedman mentioned in an electronic mail. Earlier than arriving at Boeing, Ms. Tulach was a senior vp at GE Capital and an assistant vp and director of personal fairness at College of Chicago.

David Dohnalek, Boeing’s senior vp and treasurer, mentioned in an inner memo shared by Mr. Friedman: “With deep funding, fund administration and management expertise each inside and outdoors Boeing, Liz is completely fitted to this function and I am assured she’ll guarantee our world-class Belief Investments group continues its legacy of success.”

At College of Chicago, that is the second time Mr. Ward has succeeded Mr. Schmid as a CIO, having changed him as Boeing’s high funding official when Mr. Schmid left in 2009 to affix the College of Chicago.

At Boeing, Mr. Ward had been managing director of funding technique and asset allocation earlier than his time as CIO.

Within the College of Chicago information launch, Mr. Ward, who graduated from the college with an MBA from the Sales space College of Enterprise in 1997, mentioned “I’m honored for the chance to return to the College of Chicago. I look ahead to main a world-class funding group at one of many world’s main analysis universities.”

College spokeswoman Colleen Mastony couldn’t be instantly reached for additional info.

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