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Elizabeth Crisp

Stephen Moret, the head of LSU's major fundraising arm and a former key adviser to then-Gov. Bobby Jindal, is leaving Louisiana for Virginia.

Moret has been tapped to lead the embattled Virginia Economic Development Partnership after less than two years leading the private LSU Foundation.

He is expected to leave the LSU Foundation by the end of the year. The Foundation expects to name an interim CEO in December and will begin a nationwide search for a permanent replacement "as soon as possible."