TRENTON-The New Jersey Economic Development Authority chief Caren Franzini is leaving her 18-year-post on Sept. 30 to pursue private sector opportunities – and Michele Brown, a top advisor to Gov. Chris Christie, will take her old job.

The news emerged from this week’s EDA Board of Directors meeting, at which the board also approved a restructuring when Franzini goes. Tim Lizura, who is now a finance and development executive at the EDA, will take on new roles as president and chief operating officer when Brown becomes CEO.

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