| Michael
J. Lochhead has been appointed the College’s
new vice president for finance and administration. As a member
of the senior executive team, he will be responsible for
overseeing all College-wide administrative and financial
functions, including budgetary planning, financial reporting
and controls, plant management, human resources and auxiliary
services. Lochhead succeeds William Durgin, who now serves
in the newly created position of College treasurer and chief
investment officer, where he oversees the day-to-day management
of financial assets and staffs the Board of Trustees’ investment
committee, which makes long-term investment decisions for
the College.
“We are delighted to have Michael Lochhead joining
the administration at Holy Cross,” says Rev. Michael
C. McFarland, S.J., president of the College. “His
intelligence, energy, wide-ranging experience in finance
and strategic management, ability to work with a variety
of different constituencies, and personal knowledge of Jesuit
education will be great assets to the College.”
For the past three years, Lochhead served as the assistant
vice president for business and finance at the University
of San Francisco, managing areas related to capital planning
and budgeting, investments, accounting, reporting and systems
analysis. Previously, he worked as a manager in the higher
education consulting practice at Arthur Andersen L.L.P.,
where he was responsible for strategic analysis and planning
for several colleges and universities, including Rensselaer
Polytechnic Institute and Harvard University. He also had
been a senior accountant at Arthur Andersen for two years
before becoming the manager of financial reporting at Boston
College; he served in this capacity from 1995-99.
Lochhead earned his bachelor of science degree in accounting
and his master of business administration degree from the
Carroll School of Management at Boston College.
|
