He will take his new post in mid-April, according to a press release issued today by the transportation authority. The job will pay $195,000 per year, said transportation authority spokeswoman Arielle Bourgart.
As the department's chief deputy director and director last year, Iwasaki earned $140,417, according to payroll data from the State Controller's Office. He earned $153,330 in 2008 as chief deputy.
Iwasaki has worked for Caltrans for 26 years. Gov. Arnold Schwarzenegger promoted him to Caltrans' top job last August after Will Kempton went to work for the Orange County Transportation Authority.
Caltrans hasn't yet returned a call seeking comment, but The State Worker has received several copies of the e-mail Iwasaki issued this afternoon to Caltrans employees. Click here to read it.
3:21 p.m. UPDATE: Caltrans spokesman Matt Rocco confirmed that Iwasaki will be leaving the department. He said that no interim has been named yet: "We have until mid-April to determine who that will be."
IMAGE: Randell Iwasaki / www.dot.ca.gov