CHICAGO — The Indiana Finance Authority's chief financial and chief operating officer, Dan Huge, will take the helm of the agency, which serves as the state's borrowing arm.

Gov. Mike Pence announced Oct. 30 that Huge would fill the post of public finance director, replacing Dennis Bassett, who recently announced his retirement.

"Dan Huge's extensive experience in Indiana's state financial institutions make him uniquely qualified to serve in this new role," Pence said in a statement. "I am confident that under Dan's leadership, the Indiana Finance Authority will continue to provide efficient and effective financing solutions to facilitate and incentivize investment in Indiana in the years to come."

Huge served as interim public finance director January 2015 to April 2015 following the resignation of Kendra York, who joined the private sector.

Bassett was then appointed as the permanent head. Pence tapped Huge in the fall of 2014 to serve as interim state treasurer after treasurer Richard Mourdock resigned four months before the end of his term. Mourdock, who had been treasurer since 2006, was not eligible to seek another term. Voters elected a new treasurer last November.

Previous to his role with the IFA, Huge served as chief financial officer of the Indianapolis-Marion County Capital Improvement Board and executive director of the Indiana Bond Bank. He has also worked as CFO for Air Road Express, executive director of the Indianapolis Local Public Improvement Bond Bank, and as a controller for both Southwestern Bell Freedom Phone and Towne Air Freight.

"Dennis Bassett has served Hoosiers well at both the Department of Financial Institutions and the Indiana Finance Authority. I'm thankful for his service to the state of Indiana and I wish him well in his retirement," Pence said of Bassett's tenure.

Triple-A rated Indiana does not issue general obligation bonds. The IFA oversees the state's bond and lease debt and plays a key role in public-private partnerships.

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