Mourdock Resigns as State Treasurer

INDIANAPOLIS, Ind. (WOWO): The announcemenet comes four months before his term was scheduled to end.  

The website says Murdock made the to avoid a loss of benefits that would result from changes in the state retirement system. A statement from Mourdock's office did not mention a reason, only citing a desire to pursue other interesters. 

You can find the report by
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Governor Mike Pence has appointed CPA Daniel Huge to fill the spot.

Pence said, “he brings a strong background in financial services, and I am confident he will ensure continuity of operations in the Treasurer's office,” said Governor Pence.

Huge is CPA with 30 years of financial, accounting and audit experience.   He is the Chief Financial Officer (CFO) and Chief Operating Officer (COO) of the Indiana Finance Authority and has served as CFO of the Capital Improvement Board from 2010 to 2013. He served as Director of the Indiana Bond Bank from 2001 to 2010 and has held other upper management positions in both the public and private sectors.  Huge is a graduate of Purdue University.

“We thank Richard Mourdock for the various roles he has played in public service, and we wish him well in his future endeavors,” said Governor Pence.

 Huge's appointment was made to ensure continuity of operations in the Treasurer's office until Governor Pence is able to appoint someone to serve through December 31, 2014.

The official statement from Richard Mourdock's office is listed below:

State Treasurer Richard Mourdock today submitted a letter of resignation to Governor Mike Pence. The treasurer’s resignation is effective at the close of business today, August 29, 2014.

In the letter to the Governor, Treasurer Mourdock noted that he is leaving the office early — his term would have expired at the end of the year — to pursue other professional interests, particularly those relative to helping Americans save for retirement and for post-high school education.

In a meeting with the Treasurer’s Office staff to inform them of his resignation, Treasurer Mourdock noted the accomplishments of the past seven and one half years, specifically noting that:

All audits performed on the office and the quasi-governmental agencies under the treasurer were issued as “clean” and unconditional.

Despite historically low interest rates the states investments have done well, with Major Moves monies earning more than 5%.

Enrollment in college savings plans increased by 1200% and almost $3 billion is now being saving by Hoosiers for post high school education.

Indiana’s wireless 9-1-1 system remains one of the best in the world, and one of the few to have already adopted “text to 9-1-1”, receiving three times more emergency text messages than all the other states’ systems combined.

Public money is safer than ever due to the collateralization program implemented two years ago by the Indiana Board for Depositories.

More than 200 units of local government are now saving money in TrustINdiana, the state’s local government pool created during Mourdock’s tenure.

“But all of us know those are not solely my accomplishments but your accomplishments as well, and I’m proud to have been a part of all that was required to achieve so much,” Treasurer Mourdock told his staff.