He wished his successor would have a better experience in handling his responsibilities.
Aguon is scheduled to leave the agency ahead of the September expiration of his two-year contract.
He tendered his resignation in May in compliance with the 90-day notice period.
“I got old there. I lost my hair and gained 100 lbs.,” he told the Variety when asked to describe his experience as Fund administrator.
With a degree in economics and business management, Aguon began working for the Fund in 1996 as a loan officer for its home loan program.
He climbed up the ladder in succeeding years and became the administrator in 2005.
“I was 38 then and now 42, going on 43,” he said.
Deputy Administrator Richard Villagomez will temporarily succeed Aguon as acting administrator.
Aguon said he and his family will stay on island when he leaves the Fund.
Under Aguon, the Fund won its lawsuit against the CNMI central government, claiming over $231 million in unpaid contributions as of April 2009.
Negotiation teams from the Fund, the administration and the Legislature are discussing ways to settle the debt.
Aguon refused to describe the Fund as “dying,” saying the agency is in recovery stage and will survive its financial crisis with the right management policies.
