VPFinance

To:  The St. Lawrence Community
From:  William L. Fox, President
Date:  August 20, 2013
Subject: Vice President for Finance

With abiding gratitude for her two decades of leadership at St. Lawrence, I am sharing the news that Kathy Mullaney, vice president for finance and treasurer of the University, will retire at the end of March 2014.  Her early notice provides us all with ample opportunity to consider her many contributions and to get ready for a smooth transition in the Finance division.

First, some words about Kathy, though they cannot adequately describe the significance of her St. Lawrence career. Arriving in Canton in 1994 from General Electric’s prestigious financial management program, Kathy brought refreshing optimism and can-do spirit to her division. She immediately inspired many programs that improved the business functions of the University for everyone.  She encouraged questions about the University’s finances and shared information clearly and promptly, helping us all make more well-informed decisions.  Kathy has overseen database migration twice. While she has managed these several internal adaptations, the legal and economic conditions of the last decade have created a far more complicated set of expectations for St. Lawrence, particularly with managing our endowment. Years ago, the endowment was invested by only four managers; requirements for diversification and risk mitigation have brought us now to 40 managers, coordinated by Kathy.

Kathy has served on more committees and task forces than we can count here; her wisdom and work ethic make her a valued contributor in all she does.

I especially commend Kathy for her dedication to the regional community.  For several years, she structured and oversaw the University’s Canton Initiative.  She has been president of the Canton Rotary Club, treasurer of the Canton-Potsdam Hospital, and a member of the Canton Day Care Center Board of Directors. In all this and more, her efforts to improve the economy and standard of living in our area have been exemplary.

Kathy and Brian plan to travel around the U. S. (probably via camper), returning to their Hannawa Falls home between trips so she can continue her many community service activities.  I extend my personal, heartfelt thanks to Kathy for all she has accomplished in her years of service at St. Lawrence. She is one who made a difference.

I will write again shortly with information about our search process for the next vice president for finance; I will appoint a search committee by early September, which will be supported by  search counsel. I am very confident that St. Lawrence will identify outstanding candidates for this critical leadership position.