The reorganization at Texas A&M University and the system office continues.
The day after the Board of Regents approved reassignments involving three vice chancellors comes the realignment of top financial positions.
Chancellor John Sharp says B.J. Crain, who worked for both organizations, is now chief financial officer for the flagship campus. And Sharp named Greg Anderson the system’s CFO.
The chancellor, who was thanked during the regents meeting for taking a voluntary pay cut of five percent, noted the work of the system office since his arrival will save $1.6 million dollars.
Comments from John Sharp.
Here is additional information on the CFO announcement, courtesy of the A&M System office:
Texas A&M University System Chancellor John Sharp today announced the realignment of two top financial positions within the A&M System. Greg Anderson will serve as chief financial officer and treasurer for the A&M System, and B.J. Crain will serve as vice president for finance and chief financial officer for Texas A&M University.
Anderson previously served as chief investment officer and treasurer for the A&M System. Crain worked in a shared services capacity as chief business officer for the A&M System, and vice president for finance and chief financial officer for Texas A&M, where she will now work full time. Both changes are effective immediately.
“The A&M System has a large budget-more than $3 billion-and almost half of that is attributed to Texas A&M,” said Sharp. “President (R. Bowen) Loftin and I agreed that it was the most effective and efficient use of personnel to separate these two vitally important positions. The chief financial officer needs to be focused on his or her portion of the budget in order to make the most fiscally responsible decisions for the respective institution.”
As CFO for the A&M System, Anderson will be responsible for systemwide financial accounting and reporting oversight, and the direction of tax and fiscal activities, financial activities/functions related to the legislative appropriations process, annual operating budget process, management information analysis and reporting activities, and Historically Underutilized Business (HUB) initiatives. As treasurer, he is responsible for the debt management, investment management, cash management, financial planning, risk management and benefits administration for the A&M System. Facilities Planning and Construction will also report to Anderson.