Diego Ruiz, executive director of the SEC, will leave the regulator to return to the private sector, the agency announced today in a press release. A spokesperson said it hasn't been determined when he'll leave and where exactly he will go. A replacement has not been chosen yet, either.
Ruiz, 43, has been the executive director since August 21, 2006 and has overseen strategic planning, financial management, and human resources, among other functions at the agency. He reported to SEC chairman Mary Schapiro.
"Diego has been a steady hand at the Commission over the last several years, and I have greatly valued his commitment and public service," said Schapiro. "He has provided guidance and counsel through challenging times at the agency and in the financial industry."
Before joining the SEC, Ruiz was the deputy chief for strategy and policy at the Federal Communications Commission. He has also worked as a senior executive for Univision Communications, the Spanish-language media and entertainment company. He received his bachelor's degree from the University of Virginia and his MBA from Harvard Business School.
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