The University of Toledo has selected interim chief financial officer Lawrence R. Kelley, an administrator with more than 30 years of experience in higher education finance and accounting roles, to fill the permanent position through 2018, pending approval by UT’s Board of Trustees.As executive vice president for finance and administration and chief financial officer, Kelley will oversee the University’s offices of Finance, Financial Planning, Analysis and Budget, Facilities and Construction, Information Technology, Human Resources and Talent Development, Public Safety, and Internal Audit and Compliance.
“During the past eight months, Larry has demonstrated tremendous strategic leadership as we have worked to stabilize and strengthen UT’s financial foundation,” said UT President Sharon L. Gaber.
“During that time, Larry’s leadership has helped build trust in UT’s financial processes and has created an atmosphere of mutual respect regarding financial decisions with key UT communities,” Gaber said.
Kelley said he was excited by the opportunities on the horizon.
“The University of Toledo has so much to be proud of, and the Division of Finance and Administration helps provide the framework and the resources that enable our students, faculty, staff and researchers to flourish,” he said.
Gaber said that UT’s recent CFO search had been unsuccessful, and she asked Kelley to stay on. She said he is especially strong given his experience and expertise and the solid relationships he has established with UT’s communities.
Kelley joined UT Nov. 19 and previously served as senior vice president for administration and finance and chief financial officer at California Polytechnic State University, San Luis Obispo.
During his career in higher education administration, Kelley also has served as chief financial officer at the University of Maine, vice president for business and finance at Kent State University, associate vice president for finance and business affairs and associate treasurer at Miami University, treasurer and associate vice president at Georgia State University, and budget director at the University of Akron.