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Utah State Treasurer announces his resignation

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Posted at 7:27 PM, Oct 16, 2015
and last updated 2015-10-16 21:27:07-04

SALT LAKE CITY – Utah State Treasurer Richard Ellis is leaving office it was announced Friday, and Ellis will soon begin work at the Utah Educational Savings Plan.

Ellis is leaving his position as treasurer to become the Senior Director of Compliance and Communications for the UESP, which is the state’s nonprofit college savings plan.

Ellis was elected in 2008, and before that he was the Chief Deputy State Treasurer.

“I’m grateful to have served the state in this capacity,” Ellis stated in a press release. “I’ve appreciated the opportunity to work with state leaders to ensure that Utah’s fiscal health continues to be among the best in the country. The accomplishments and successes I have enjoyed while in office are largely thanks to the good people I have worked with.”

Gov. Gary Herbert issued a statement following the announcement of Ellis’ resignation, and the governor touted Ellis’ service to the state.

“I appreciate Richard’s service in managing the state’s investments. It takes a team to ensure Utah maintains its strong fiscal health, and he has been a valuable leader in that effort. The state of Utah’s triple-A bond rating is better than the federal government’s today because of the fiscal discipline of Utah leaders like Richard.”

Under state law, Gov. Herbert will appoint someone to take over for Ellis through the 2016 election. Ellis’ last day in office will be November 1.