Executive Vice President for Administration and Finance and Chief Financial Officer

Elizabeth Milavec named EVP for Administration and Finance and CFO

August 2, 2022

The University has announced that, following an extensive national search, Elizabeth Milavec has been selected as the University’s inaugural executive vice president for administration and finance and chief financial officer. Milavec served as Rochester’s interim senior vice president for administration and finance, CFO, and treasurer since November 2021, and came to the University in 2016 as associate vice president for financial operations and controller.

Read the full announcement

More about the position

Reporting directly to the President, this position oversees the planning and management of University finances and serves as a steward of University resources. This position works as a trusted partner to the President and Board of Trustees on financial planning and strategy, allocation and management of resources, and development and leadership of strategic plans. In addition, the EVP will work closely with other leaders and University-wide constituents to strengthen the University’s financial policies, and amplify strategies to serve the University’s academic, research, clinical, and service missions.

Search committee

In addition to working with the consulting firm Korn Ferry, a Search Committee and a Trustee Advisory Committee were established to help fill this position. See members in the drop-downs below.

Search Committee

Doug Phillips, University Senior Vice President and Chief Investment Officer, served as committee chair, with the following individuals completing the committee:

Adam Anolik, University of Rochester Medical Center Senior Vice President and CFO
Brian Brent, Earl B. Taylor Professor, Warner School of Education
Courtney Jones, Associate Professor, Departments of Emergency Medicine, Orthopaedics, and Public Health Sciences
Donna Gooden Payne, Vice President and General Counsel
Roger Smith, Senior Financial Officer, Arts, Sciences and Engineering
Betsy Ward, Voting Trustee, Chief Financial Officer, MassMutual
Sevin Yeltekin, Dean, Simon Business School

Tony Green, Chief of Staff to the President, and Tammy Lancy, Manager of Investment Operations, also served as staff to this committee, and worked closely with the external organizational consulting firm Korn Ferry.

Trustee Advisory Committee

This committee provided guidance and oversight throughout the process, and included the following University trustees:

John Davidson, Chair, Nominations and Board Practices Committee
Emerson Fullwood, Chair, Audit and Risk Assessment Committee
Larry Kessler, Chair, Facilities and Campus Planning Committee
Bob Keegan, Member, Financial Planning Committee
Kathy Waller, Member, Audit and Risk Assessment Committee; Chair, Financial Planning Committee
Jay Benet, Member, Financial Planning Committee; Investment Committee

Doug Phillips, University Senior Vice President and Chief Investment Officer, also served on this committee.

Tony Green, Chief of Staff to the President, and Tammy Lancy, Manager of Investment Operations, served as staff to this committee, and worked closely with the external organizational consulting firm Korn Ferry.

Korn Ferry

The external consulting firm Korn Ferry assisted the University with this search process. Specific Korn Ferry contacts included:

Ken Kring
Victoria Antolini
Beau Lambert
Stephanie Applebee
Lindsay Conklin