Webster University have named Douglas Anderson as Interim Chief Financial Officer (CFO), effective immediately.
Anderson, who served as a CFO for 20 of his 30 years in financial positions at profit and non-profit organizations, will temporarily serve as Webster’s CFO until a permanent replacement for former Webster CFO Greg Gunderson is hired.
According to a Webster press release, Anderson will lead the Office of Finance and Administration and be responsible for oversight of financial policy and provide direction for long-term budgetary planning, cost management and investment opportunities in alignment with Webster University’s strategic plan.
Anderson’s served for 12 years as Senior Vice President of Finances at Hamline University before coming to Webster. According to Webster’s press release on Anderson’s appointment, in a past job he doubled his companies revenue by $10 million over a four-year span.
“Doug brings extensive senior leadership experience to Webster at an important time in our university’s history,” said Webster President Elizabeth Stroble in a press release. “His ability to lead teams to new levels of success will be important as we continue to identify priorities and allocate resources effectively to fulfill the Global Impact Strategic Plan.”
In a university press release, Provost Julian Schuster said Anderson’s appointment comes at a critical time for Webster. On Jan. 19, Stroble told faculty the university expects a shortfall of around $7 million. The 2015-2016 year marked Webster’s fourth consecutive year of budget shortages.
“We are delighted that Doug is joining us as Webster enters its second century,” Schuster said. “His experience in analyzing critical business issues and negotiating transactions, as well as his exemplary traits of leadership come at a critical time for Webster as we advance academic excellence and operational efficiency. I look forward to working with Doug and welcome him to the Webster University community.”
Former CFO Gunderson was hired as Park University’s newest president late in the fall semester. Gunderson worked at Webster for nearly 11 years. His farewell party was held on Jan. 15.