Richard Mourdock resigned before the end of his term as Indiana Treasurer, allowing him to avoid cuts to his retirement benefits.

CHICAGO — Indiana Gov. Mike Pence tapped long-time public finance veteran Dan Huge as interim state treasurer after treasurer Richard Mourdock resigned four months before the end of his term.

Mourdock, a prominent Indiana Tea Party figure, told Pence he was leaving early to focus on other professional interests. Local reports noted that Mourdock's early resignation allowed him to avoid cuts in retirement benefits set to take effect in September.

Mourdock, who had been treasurer since 2006, stepped down on Aug. 29. He was not eligible to seek another term. Voters will elect a new treasurer in November.

Pence appointed Dan Huge, chief financial officer and chief operating officer of the Indiana Finance Authority, as interim state treasurer. Before joining the IFA, Huge was with the Indianapolis-Marion County Capital Improvement Board, which runs the city's sports venues and convention center, and the Indiana Bond Bank.

"Dan Huge brings a strong background in financial services, and I am confident he will ensure continuity of operations in the treasurer's office," Pence said in a statement.

Mourdock made national news in 2012 when he defeated U.S. Sen. Richard Lugar in the primary as the Tea Party candidate. He lost during in the general election, his campaign suffering from controversial remarks about rape being "something God intended to happen."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.