National search underway for new senior vice president for finance and business

July 31, 2020

UNIVERSITY PARK, Pa. -- Penn State has launched a national search for a new senior vice president for Finance and Business/treasurer, the University announced today (July 31).

The position is currently held by David Gray, who announced last year his intention to retire.

Vice President for Government and Community Relations Zack Moore will chair the search committee to identify Gray’s successor.

The senior vice president for finance and business/treasurer is responsible for oversight of Penn State’s financial performance for an operating budget totaling $6.8 billion for the 2019-20 fiscal year. The senior vice president also leads financial, endowment, business and administrative activities for more than 20 Penn State campuses; oversees nearly 3,000 full-time employees and oversees the Office of Finance and Business’ $500 million budget. The position is responsible for the management and strategic planning of multiple units within Finance and Business, including Auxiliary and Business Services, Commonwealth Operations, the Corporate Controller, Diversity and Inclusion, Enterprise Project Management, Ethics and Compliance, Human Resources, Internal Audit, Investment Management, Organizational Change Management, Physical Plant, and University Police and Public Safety.

Reporting directly to the president, the senior vice president for Finance and Business/treasurer guides major resource deployment, organizational functionality and strategic decision making across the University.

The person in this position is charged with leading efficient and effective budget and financial operations, as well as financial and administrative services, in order to continue providing the highest levels of administrative and campus life services to the University community. The senior vice president also works in close collaboration with the executive vice president and provost, and is key in maintaining relationships among University leadership, the Penn State Board of Trustees, community officials, state government officials, and students, faculty and staff.

The successful candidate will have experience as a senior financial officer leading and managing day-to-day operations in a large institution, and possess expertise in strategic financial planning, financial and investment management, debt financing, cash flow management, investment strategies and other financial functions. Additional requirements include working on a senior team as a listener, contributor, collaborator, mediator and change agent; interacting with diverse constituencies across a complex institution; demonstrating a commitment to diversity; and fostering strong relationships with academic administrators, athletics leaders, and community stakeholders.

The review of potential candidates and credentials will begin immediately and will continue until the position is filled. Nominations, inquiries and expressions of interest can be sent to

More information about the Office of Finance and Business can be found online at

Search committee members include:

  • Mark Belkowski, chair of the University Staff Advisory Council
  • Joseph Cullen, chief investment officer, Office of Investment Management
  • Emil L. Cunningham, director of the Office of Diversity and Inclusion, Finance and Business
  • Ralph Ford, chancellor and dean, Penn State Erie
  • Lorraine A. Goffe, vice president for human resources
  • Frank T. Guadagnino, vice president for administration
  • Madlyn L. Hanes, vice president for commonwealth campuses
  • Daniel P. Heist, director of internal audit, Office of Internal Audit
  • Claire E. Kelling, graduate student, Eberly College of Science
  • Clarence Lang, Susan Welch Dean of the College of the Liberal Arts
  • Joseph Milek, chief of police operations, University Police and Public Safety
  • Zack Moore, vice president for government and community relations, committee chair
  • Mary Lou Ortiz, university budget officer
  • Lisa L. Posey, associate professor of risk management
  • David Rose, assistant vice president for auxiliary and business services
  • William E. Sitzabee, vice president for facilities management and planning
  • Paula Tinch, senior vice president and chief financial officer, Penn State Health
  • Charles H. Whitman, John and Becky Surma Dean of the Smeal College of Business
  • Susan Wiedemer, associate controller & assistant treasurer


Last Updated August 27, 2020