News release from Texas A&M Athletics:
BRYAN-COLLEGE STATION – Texas A&M Athletics Chief Financial Officer Jeff Toole retired after 15 years of overseeing the department’s fiscal strategy on Friday.
“Jeff’s experience and business acumen have been a tremendous resource to me, and his influence and guidance will be missed in Texas A&M Athletics,” Director of Athletics Trev Alberts said. “Jeff joined Athletics at a difficult time, and he was instrumental in the department’s fiscal resurgence over the past nearly two decades. He also served as the administrative oversight for softball and men’s and women’s golf and played a key role in identifying and hiring all three of those programs’ head coaches.”
Toole joined the department from the private sector in 2009 and served under five Directors of Athletics – Bill Byrne, Eric Hyman, Scott Woodward, Ross Bjork and Alberts, as well as interim AD R.C. Slocum twice.
In addition to his role as CFO, Toole served as a Senior Associate Athletics Director with oversight and management of the department’s internal operations unit. During his time, Toole stream-lined and modernized Texas A&M’s budgeting process while overseeing all decisions in the areas of finance, accounting, budget, purchasing, financial reporting and audits, travel and insurance. Additionally, Toole was the sport administrator for the softball and men’s and women’s golf teams. He led the search groups that identified and hired the head coach for all three teams – Trisha Ford in softball, Brian Kortan in men’s golf and Gerrod Chadwell in women’s golf. All three teams advanced to NCAA play in 2024.
Previously, Toole worked as the managing partner and co-founder of RSTW Partners, in Houston, Texas, which raised three investment funds totaling $871.5 million and invested in the subordinated debt, preferred stock and common stock of over 50 private companies throughout the United States. There, he served on the firm’s investment committee, negotiated legal documentation of the terms and conditions for all levels of the capital structure, as well as, warrants, warrant purchase agreements, stockholders’ agreements and subordination agreements. He supervised internal accounting procedures and reporting and periodic reporting to limited partners. Also, in his time there, he served as a voting board member or advisory board member on numerous investee companies in the manufacturing, media, logistics, transportation, shipping, restaurant and oil field service industries.
Toole began his career at Ernst & Young in Houston as an Audit Senior, where he planned and supervised the audits of companies in varied industries and performed acquisition due diligence. After his time at Ernst & Young, he served as Vice President at WKG Corporation and subsequently at First Texas Merchant Banking Group.
Before joining Texas A&M Athletics as CFO, Toole served on the Board of Trustees for the 12th Man Foundation. The first member of his family to attend Texas A&M, Toole earned a BBA in accounting, while graduating Summa Cum Laude in 1980.