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PHOENIX (AP) — Arizona Gov. Doug Ducey has appointed the executive who has overseen the state’s three public universities since 2013 as state treasurer.

Ducey named outgoing Board of Regents President Eileen Klein to the post Tuesday to replace Jeff DeWit, who stepped down April 3 to become chief financial officer at NASA.

Ducey called Klein the “most experienced person in the state of Arizona for this job.” Klein said she does not intend to run for a full term in the fall.

Klein announced she was planning to step down as Regents president last month. She previously was Gov. Jan. Brewer’s chief of staff and budget director and worked a health care industry executive.

The treasurer is an elected post and manages the state’s $13 billion investment portfolio and day-to-day finances.