North Dakota Retirement and Investment Office Names New Chief Financial Officer

(North Dakota Office of Retirement and Investment image)

(KNOX) –  The North Dakota Retirement and Investment Office (RIO) welcomed Adam Otteson as its new Chief Financial and Operating Officer (CFOO.)

As CFOO, Otteson oversees RIO’s middle- and back-office operations, leads financial, accounting, and investment operations functions, and guides budgeting, audits, payroll, and strategic fiscal planning.

“Adam’s proven leadership and financial expertise will strengthen the Retirement and Investment Office’s ability to serve North Dakotans with transparency, accountability, and efficiency,” said Jodi A. Smith, RIO executive director. “His experience in managing complex financial operations and guiding teams through audits, compliance, and strategic planning will be invaluable as RIO continues to enhance its operations.”

A Certified Public Accountant with more than a decade of leadership experience in revenue compliance, internal controls, and financial operations, Otteson previously oversaw annual revenues exceeding $500 million and safeguarded an $8 billion investment portfolio for the North Dakota Department of Trust Lands.