The Securities and Exchange Commission announced that Diego Tomás Ruiz, a long-time business executive with Spanish-language media group Univision Communications Inc., will serve as its new executive director.

As the SEC's chief operating officer, Ruiz will oversee the agency's programs relating to budget planning and execution, preparation of the agency's financial statements, human resources and employee relations, and administration of agency facilities. He will succeed Jim McConnell, who had served in the position since 1990. and retired this June.

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