Pending approval from the Board of Trustees, the University will welcome an executive vice president for finance and administration to campus Sept. 15.President Lloyd Jacobs announced today that he has entered into negotiations with David Morlock, who will bring more than 25 years experience in finance to UT.
Most recently with Accretive Health, a Chicago-based, publicly traded health-care consulting firm with $1 billion in market capitalization, Morlock will oversee several core University functions, drawing upon his more than 20 years experience with the University of Michigan Medical Center, where he served as chief financial officer.
“We are thrilled to bring someone of David Morlock’s caliber to The University of Toledo,” Jacobs said. “His background and experience will serve us well as we move boldly forward on many new initiatives and work to reshape the landscape of higher education in northwest Ohio. With the ever-changing climate in health care and academia, we need someone with David’s vision to help maintain and grow our relevance.”
“I’m excited and humbled to be joining The University of Toledo at this critical time,” Morlock said. “UT has a great reputation in higher education and across southeast Michigan that we can build upon to attract students and patients to our academic and clinical offerings. I’m eager to work alongside the leadership team to help achieve our collective mission.”
“David’s role will have a broader portfolio of responsibility than previous positions,” Jacobs added. “In addition to the financial, information technology and auxiliary functions, he will have responsibility for administration and facilities, including human resources.”
Morlock earned his MBA at Eastern Michigan University and a bachelor’s degree in finance from Slippery Rock University.
The board is expected to take action on the appointment at the next full meeting.
Morlock will replace David Dabney, who retired earlier this year. Jennifer Pastorek is serving as interim vice president for finance.