State Comptroller Matt Boxer is on his way out and Marc Larkins, CEO of the New Jersey Schools Development Authority, will be replacing him.

State Comptroller Matt Boxer with Gov. Chris Christie (Tim Larsen, Governor's Office)

Gov. Chris Christie made the announcement in a State House press conference Thursday afternoon.

“My six-year term ends next month and I have informed the governor that I do not wish to be considered for reappointment,” Boxer said. “It has been an extremely rewarding six years for me. I’m very proud of the work of the staff of our office.  I do feel that it’s time to move on and it’s time to give somebody else a turn to take on this very important effort.”

The governor’s chief counsel, Charlie McKenna will succeed Larkins and Chris Porrino will take over for McKenna. Christie said he’s sorry to see Boxer go, but he understands why is going.

“He has done outstanding work as the comptroller,” Christie said. “I understand that it’s time for Matt to go forward. He has made me extraordinarily proud.”