Pace University Picks Rick in Whitfield

Pace University has selected Rick N. Whitfield, the Vice President and Institutional Officer for Audit and Compliance at the University of Pennsylvania and the University of Pennsylvania Health System, as its Vice President and Chief Financial Officer.

Contact:
Christopher T. Cory, Director of Public Information, Pace University, 212-346-1117, cell 917-608-8164, ccory@pace.edu

PACE UNIVERSITY PICKS RICK N. WHITFIELD,VICE PRESIDENT OF UNIVERSITY OF PENNSYLVANIA,AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Pace President David A. Caputo praises skill in developing innovative business initiatives

New York, NY, December 1, 2004 — Pace University has selected Rick N. Whitfield, the Vice President and Institutional Officer for Audit and Compliance at the University of Pennsylvania and the University of Pennsylvania Health System, as its Vice President and Chief Financial Officer.

“Rick Whitfield has more than 20 years of experience in developing and implementing innovative business initiatives and processes,” said Pace President David A. Caputo. “His management skills and understanding of higher education will accelerate the University’s recent momentum as we head into our centennial in 2006.”

At Penn since 1996, Whitfield was a member of the president’s cabinet and senior planning group, and was in charge of managing business risks, process improvements and control systems, including audit services for an $850 million construction portfolio. He played a key role in helping the University and its health system (a medical school, six hospitals, and a network of 100 primary care practices) adapt to new technology, background that will be valuable to Pace during the transformation of its entire information technology system that is now getting underway.

Best practices. Whitfield’s experience at Penn as chair of a university wide committee for a 5-year planning initiative also is expected to enhance the implementation of Pace’s Second Century Strategic Plan, adopted last year. His role in coordinating quarterly reviews of Penn’s financial statements helped bring the system to an industry “best practices” level, and he continued to promote higher standards when he developed a strategy for protecting personal information and hired the first Chief Privacy Officer employed in U.S. higher education.

Whitfield’s philosophy of management, “Serve with enthusiasm,” is reflected his zeal in joining Pace. “There is a lot of energy at Pace, and a president who has just gotten a Strategic Plan approved by the board and university community. I’m eager to implement the plan’s financial components, and work with the trustees, president, and provost to make the plan come to life,” he said.

Whitfield earned a doctorate in higher education management with faculty honors in 2003 from the University of Pennsylvania, where he received the 2003 Inaugural Faculty Award for extraordinary contributions to the intellectual life of the doctorate of education. He holds an MBA from Vanderbilt University’s Owen Graduate School of Management and a BS in accounting from Austin Peay State University, part of the Tennessee College and University System. He worked for his alma mater and for Maharry Medical College, a traditionally black institution, before serving from 1980 to 1996 at Vanderbilt University and Medical Center, where he rose to the rank of Chief Audit Executive.

He has served as president of the Association of College and University Auditors, has lectured extensively on auditing and risk management, and has consulted on topics including strategic design, organizations effectiveness, and business process design to institutions including Johns Hopkins, the California Institute of Technology, Harvard, Yale, Northwester, and the Higher Education Ministry of the People’s Republic of China.

Pace is a private university in the New York Metropolitan area with a growing national reputation for offering students opportunity, teaching and learning based on research, civic involvement and measurable outcomes. It is one of the ten founders of Project Pericles, developing education that encourages lifelong participation in democratic processes. Pace has seven campuses, including downtown and midtown New York City, Pleasantville, Briarcliff, White Plains (a graduate center and law school), and a Hudson Valley Center at Stewart International Airport near Newburgh, N.Y. Approximately 14,000 students are enrolled in undergraduate, graduate and professional degree programs in the Dyson College of Arts and Sciences, Lubin School of Business, School of Computer Science and Information Systems, School of Education, Lienhard School of Nursing and Pace Law School. www.pace.edu.

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