1. Email on the appointment of Executive Vice President and Chief Financial Officer Kevin Hegarty

    February 16, 2015

    Dear Colleagues:

    I am pleased to recommend the appointment of Kevin Hegarty to serve as the University of Michigan’s next executive vice president and chief financial officer. The Board of Regents will consider the appointment at their meeting later this week.

    Mr. Hegarty’s background includes valuable experience at a major public research university and in the private sector.  His accomplishments as a leader and financial professional, along with his detailed knowledge of the complexities of public higher education, will help him lead U-M units with more than 3,100 staff members and an $800 million budget.

    He will oversee U-M’s investments, finance, human resources, facilities and operations, and information technology. His appointment would be effective April 6.

    Mr. Hegarty has served the last 14 years as vice president and CFO at the University of Texas at Austin. His responsibilities there include finance, budget, real estate, information technology, payroll and purchasing. He has worked successfully to help faculty obtain research grants and made strategic investments in academic and research initiatives.

    He earned his bachelor’s degree in business administration and his master’s in professional accounting from the University of Texas at Austin.  Prior to joining UT, he held leadership positions in the private sector at companies including Dell, Inc.; Associates First Capital; Trammell Crow Company; and PricewaterhouseCoopers.

    My recommendation of Mr. Hegarty follows a successful and competitive search process. I thank the members of the search committee for their thorough efforts leading to this outstanding recommendation.

    I also thank Doug Strong, who has served our university and students with utmost dedication as the interim CFO. Doug has provided steady and thoughtful leadership and upheld high levels of excellence during a time of transition.  Our Health System will look forward to welcoming him back.

    Sincerely,

    Mark Schlissel