| Assumption
Announces New Executive Vice President
 February,
2005—Assumption
College President Thomas R. Plough recently announced the appointment
of Christian McCarthy as the College’s new executive vice
president for Finance and Administration. McCarthy took office on
February 14, 2005.
"Chris is a wonderful appointment at Assumption College. He
brings a passion for higher education, outstanding financial experience,
keen intelligence, and very strong interpersonal skills," said
Dr. Plough.
McCarthy comes to the higher-education sector with more than 30
years of extensive experience in the finance industry, and will
be responsible for all financial and administrative functions of
the College, including finance, business services, human resources,
information technology, public safety and legal services. A principal
member of the president’s cabinet, McCarthy will also serve
as the key liaison to several board of Trustee committees, including
Finance; Audit; Buildings, Grounds and Technology; and Investment.
McCarthy comes to Assumption College after six years with Lehman
Brothers in New York City, where he served most recently as Senior
Vice President for the Public Finance Department. In this role,
he managed the tax-exempt money market business. As a senior banker,
he provided general investment banking services to a broad array
of clients, with a particular emphasis on higher education clients.
Prior to his work at Lehman Brothers, McCarthy served for four years
as managing director for the Public Finance Department at Merrill
Lynch & Co. of New York City. From 1975-1994, he was with Goldman
Sachs & Co. of New York City and London, England, where he served
as Vice President for the Public Finance Department.
McCarthy is a graduate of the College of the Holy Cross, where he
received a Bachelor of Arts in History. He obtained an MBA in Finance
from Columbia University’s Graduate School of Business.
Assumption’s previous executive vice president, Francis P.
Gurley, retired on February 11, 2005 after 25 years of exceptional
service to the College. During his employment, he completed 25 years
of balanced budgets; oversaw seven major renovations and 17 new
building projects, resulting in $72 million in capital improvements;
expanded the campus from 155 to 175 acres; and grew the College’s
endowment from less than $1 million to more than $47 million. Dr.
Plough said, “Frank's stewardship here at the College was
characterized by civility, colleagueship, and competence. His imprint
on the character of Assumption College will remain forever."
|
