The plan will interview two finalists in July.
Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
His Co-CIO will become sole CIO following his departure.
Search is for two managers to handle nearly $500 million in total.
The restructuring will next eliminate three more managers next month.
The plan will receive a list of candidates at its June 25 board meeting.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
Plan added a maiden small-cap growth mandate with a new manager.
Plan made commitments to eight existing managers and one new manager last month.
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