Michigan Tech Appoints Chief Financial Officer and Senior Vice President for Administration
Michigan Technological University announces the appointment of Nick Stevens as Chief Financial Officer (CFO) and Senior Vice President for Administration, effective Monday (May 22). In this new role, Stevens will oversee the finance, administration, technology, institutional research, facilities and financial functions of Michigan Tech.
His appointment concludes an exhaustive national search spearheaded by a campuswide search committee.
“I appreciate and thank the search committee for their efforts in identifying the next leader for Michigan Tech’s finance and administrative operations,” said Rick Koubek, president. “Nick’s experience coupled with his deep dedication to Michigan Tech will be of great benefit to the University, and I look forward to working with him to advance Michigan Tech’s mission and vision.”
Koubek also thanked Vice President for Research Dave Reed for graciously serving as interim CFO.
Stevens has 18 years of leadership and management experience in higher education. He is currently the director of budget and planning at Michigan Tech, a role he has served in for the past four years. Prior to joining Tech in 2015, Stevens served as executive vice president for business and finance at Finlandia University, where he had administrative oversight of all business and controller activities.
“I am humbled and honored to be appointed into this leadership role at Michigan Tech. I am excited to continue serving the faculty, staff and students of the University as we continue to advance the mission and vision,” said Stevens. “The Copper Country has always been my home and I appreciate the importance of Michigan Tech to the community and the community to Michigan Tech.”
A native of Michigan’s Upper Peninsula, Stevens earned a Bachelor of Science in Business Administration-Accounting from Michigan Tech in 2002. He currently resides in Dollar Bay, Michigan, with his wife and three children.
Stevens’ career accomplishments include:
- Implementation of a long-range planning software tool producing five- to seven-year financial outlooks based on various budget scenarios.
- Restructuring the budget and reporting process to add detail and uniformity in the development of the annual budget.
- Creating a balanced budget that reduced expenditures and increased the fund balance by 120% in five years.
- Leading an auxiliary fund review to provide consistent financial reporting of auxiliary operations into a true full revenue/expense structure.