STATE TREASURER JEFF DEWIT STATEMENT ON U.S. SENATE CONFIRMATION TO NASA CFO POSITION

PHOENIX – State Treasurer Jeff DeWit announced today he will resign effective Tuesday, April 3, 2018 to become the Chief Financial Officer of the National Aeronautical and Space Administration.

“It has been such an honor to serve the State of Arizona as Treasurer and I have worked hard to make sure our financial results reflect the trust that the voters placed in me in 2014,” Treasurer DeWit said.
“The superb performance of the Treasurer’s office during my tenure has been recognized nationally and I truly love the job of Treasurer for the great state of Arizona,” DeWit said.

“I am extremely grateful that President Trump and the United States Senate have entrusted me to serve the country at such an accomplished agency as NASA. It is a very exciting opportunity for myself and my family, and I will continue to work hard to make the people of Arizona proud for putting their faith in me four years ago. As I continue to serve the country at NASA, I want to thank my wife Marina and our family for the tremendous sacrifice they have made and are willing to continue to make as I proceed with my public service.”

Treasurer DeWit was nominated for the CFO of NASA position by President Donald J. Trump on Nov. 29, 2017. He was unanimously confirmed by the United States Senate on March 14, 2018.

Accomplishments:

• Arizona Land Trust Endowment reached record high of $6 billion on January 31, 2018 and more than $3 billion in unrealized gains from investments.
• Record of total Assets Under Management of $15.85 Billion on January 31, 2018.
• Distributions from Endowment in excess of $800 million, more than three times the amount of any previous State Treasurer in Arizona history. Another $345 million will be distributed starting July 1, 2018 based on the performance of the Endowment through December 2017.
• In June 2016, Endowment performance over a 1-year, 3-year, 5-year and 10-year timeline surpassed that of the largest pensions and university endowments in the country.
• More than doubling the amount of interest earnings in FY 2018 for Local Government Investment Pools participants compared to last year on top of a more than 138% increase in FY 2017 over FY 2016.
• LGIP Pool 5 received the highest rating possible from Standard & Poor’s under recently revised and more stringent rating criteria.
• The State of Arizona’s credit rating was upgraded in 2015 to AA from AA- by Standard & Poor’s Rating Services and to Aa2 from Aa3 by Moody’s Investors Service.