ISU restructuring business, finance operations –

7 months ago Comments Off on ISU restructuring business, finance operations –

After the retirement of several long-time administrators, Iowa State University’s president announced Thursday that he was restructuring the university’s business and financial operations.

“These changes result from the fact that Iowa State is experiencing a time of unprecedented change in senior leadership,” ISU President Steve Leath wrote in an email sent Thursday to the Iowa State community. “The retirements of Senior Vice President for Student Affairs Tom Hill and Senior Vice President for Business and Finance Warren Madden will result in the loss of a combined 70 years of institutional experience, leadership, and loyalty.”

Hill retired in December after nearly two decades overseeing the Division of Student Affairs. Leath announced last month that, pending approval from the Iowa Board of Regents, Martino Harmon will serve in the position.

Madden is scheduled to retire this summer after 32 years as senior vice president for business and finance. During that time, ISU’s enrollment increased nearly 50 percent, the campus has grown to more than 13.8 million square feet of building space, and the university’s budget has increased from $268 million to $1.4 billion, Leath said.

Rather than search for a single replacement for Madden, Leath said he is separating the office and its responsibilities into the Division of University Services and the Division of Finance.

Effective July 1, the finance division will be overseen by ISU’s chief of staff, Miles Lackey. In addition to his oversight of university relations, the Ombuds Office and internal audit, Lackey also will oversee business, finance, financial planning, budgets and the treasurer’s office.

A search is underway for a senior vice president to head the new Division of University Services, Leath said. That person will oversee, Facilities Planning and Management, Business Services, Environmental Health and Safety, Public Safety, Reiman Gardens, University Museums and WOI Radio Group.

The search committee for that new position is co-chaired by Lisa Eslinger, senior vice president of finance and operations for the ISU Foundation, and David Spalding, dean of the College of Business.

Leath said on-campus interviews with finalist candidates are being scheduled for early May, with the hopes of filling the position by the time Madden retires on June 30. If a candidate is not found by then, however, Lackey will serve in an interim capacity.

ISU’s Faculty Senate is conducting a five-year review of the Office of the Senior Vice President for Business and Finance and recently completed a review of the Office of the Senior Vice President for Student Affairs.

Leath said the announced changes were “in alignment with the Faculty Senate’s preliminary recommendations” and based on input from the senior vice presidents, regents, ISU alumni and Iowa business leaders.

ISU restructuring business, finance operations –}

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