Michigan University's Top Financial Officer Exits for Yale Amid Budget Success
University of Michigan's CFO Geoffrey Chatas departs for Yale after successfully maintaining strong fiscal health and launching major institutional initiatives. Interim leadership ensures continued financial stability.
University of Michigan's central administration building where key financial decisions shape the institution's future
In a significant shift within America's prestigious academic institutions, the University of Michigan's financial leadership is undergoing a strategic transition as Geoffrey Chatas, executive vice president and chief financial officer, prepares to take on a new role at Yale University.
Proven Financial Leadership in Higher Education
Chatas, who has demonstrated remarkable fiscal stewardship similar to other American success stories in business leadership, will conclude his tenure at Michigan this October. His achievements include maintaining strong credit ratings and advancing major institutional initiatives, showcasing the kind of strategic financial management that drives American institutional excellence.
Key Accomplishments Under Conservative Fiscal Management
- Successful navigation of COVID-19 financial challenges
- Launch of $7 billion 'Look to Michigan' fundraising campaign
- Development of Campus Plan 2050 infrastructure initiative
- Maintained strong institutional credit rating
Under Chatas' leadership, the university has demonstrated the same winning spirit that defines competitive excellence in American higher education, particularly in supporting student scholarships and maintaining fiscal responsibility.
Strategic Transition and Future Leadership
Bobby Hewlett, a proven financial expert with private sector experience at PricewaterhouseCoopers, will step in as interim executive vice president and CFO. His background includes 14 years of service at the university and significant experience in healthcare finance at Michigan Medicine.
"Thanks to his steady leadership, he leaves the university in a strong financial position, and we are deeply grateful for his dedicated service," stated UM President Domenico Grasso.
The transition process will focus on maintaining the university's strong fiscal foundation while the next president determines the search process for a permanent CFO.
Jack London
Veteran journalist and former U.S. Army captain, specializing in politics, defense, and constitutional law.