People On The Move
People On The Move is your weekly roundup of hiring and other personnel news throughout the state of Utah.
Salt Lake City—After 15 years as executive director of my529, Utah’s official nonprofit 529 educational savings plan, Lynne N. Ward is stepping down effective October 4, 2019. It is anticipated that Richard K. Ellis, Senior Director of Compliance, Finance, and Investments of my529, will be appointed new executive director at the USHE Board of Regents meeting on September 13, 2019, at Utah State University. Since 2004, Ms. Ward oversaw significant growth in both the number of accounts and assets under management and continually improved offerings and lowered fees for account owners. Under her leadership, my529 experienced exponential growth over the last decade and a half:
• The number of accounts grew from 48,000 to 400,000.
• Assets under management increased from $950 million to $14 billion.
• my529 consistently achieved the highest rating from Morningstar.
• Fees have been lowered by 40 percent.
• my529 has continually improved investment offerings (current partners include: Vanguard, Dimensional, PIMCO, Sallie Mae Bank, and U.S. Bank).
• A children’s savings account (CSA) platform was created, and is in use by nonprofits and government entities for the benefit of low-income families across the country.
In addition to Executive Director at my529, Ms. Ward is a board director of Merit Medical, Inc., a member of the Investment Advisory Committee at the University of Utah, and is the Membership Engagement Chair of the Utah Chapter National Association of Corporate Directors. She previously served as Governor Walker’s deputy chief of staff and Governor Leavitt’s director of the Governor’s Office of Planning and Budget. She graduated from the University of Utah with a Bachelor of Science in accounting and is a Certified Public Accountant. Richard K. Ellis is the Senior Director for Compliance, Finance and Investments at my529, and has served in this role since November 2015. Prior to that, he served seven years as Utah State Treasurer. Mr. Ellis is also a member of the Municipal Securities Rulemaking Board. Other professional experience includes serving as Chief Deputy State Treasurer, Director of the Governor’s Office of Planning and Budget, and Executive Director of the Department of Administrative Services for the State of Utah. He received his Master’s of Business Administration from the University of Utah and a Bachelor of Science in Business from Brigham Young University.
Silicon Slopes— MX, the leading data platform for banks, credit unions and fintechs, today announced that Shane Evans, former SVP of Sales at Qualtrics, has joined the company as a member of the executive committee and the company’s first Chief Revenue Officer. Evans is responsible for revenue-generation strategy and execution, along with leading and scaling rapidly growing sales and partnership teams. For more than two decades, Evans successfully built high performing sales teams at high-growth technology companies and data providers. For more than five years at Qualtrics, he played a critical role in the growth and expansion of a global sales team culminating in the company’s record-breaking $8B acquisition by SAP. He also held executive sales leadership roles at PROS, InMoment, and AxisPointe.