Cleveland State University President Ronald Berkman has appointed former Urban Partnership Bank Cleveland Region President, Stephanie McHenry, to the position of Vice President for Business Affairs and Finance effective April 1. Berkman emphasized the need to fill the position with a community leader who has a proven and extensive record of success.
"Ms. McHenry's leadership with Urban Partnership Bank along with her commitment to CSU as a trustee has made her an obvious choice for this position," Berkman said. "Her experience in the community as well as her expertise in finance will be invaluable to the University moving forward."
McHenry will succeed John "Jack" Boyle III, who plans to retire later this year. McHenry has served on CSU's Board of Trustees since 2007, when she was appointed by then-Gov. Ted Strickland to fill a seat vacated by Vir K. Sondhi.
In 2008, McHenry was elected Treasurer of the Board of Trustees and Chair of the Financial Affairs Committee, where she acquired comprehensive knowledge about the University's operating and capital budgets and services. In 2009, Strickland re-appointed McHenry to a full nine-year term. Last month she resigned her Board position and will report to President Berkman in her new role.
"The knowledge Stephanie has gained on the Board of Trustees will be vital to the University's ability to navigate the financial challenges over the next several years," said Board Chairman Ronald Weinberg. "I am excited that she has agreed to assume this new role."
With an economics degree from Dartmouth, McHenry began her career with ShoreBank in Chicago, where she promoted neighborhood revitalization and affordable urban housing. A few years later, she moved to Cleveland, and in 2004 was named Cleveland president, focusing on implementing similar strategies to achieve community development and profit goals. Last year, she was named regional president of Urban Partnership Bank, which acquired assets and deposits from ShoreBank last August.
Since moving to Cleveland, she has served as senior director of minority business development for the Greater Cleveland Growth Association and was executive director of the Northern Ohio Minority Business Council. She was named on the "40 under 40" lists in both Crain's Cleveland Business and Kaleidoscope Magazine.
Berkman said Boyle has been a substantial asset to the University for the past decade.
"Jack has played a pivotal role in the transformation of this University," he said. "His experience and insight will be missed as we move forward with a master plan that he helped to develop."
Founded in 1964, Cleveland State University is a public research institution that provides a dynamic setting for engaged learning. With an enrollment of more than 17,000 students, eight colleges and approximately 200 academic programs, CSU was again chosen for 2011 as one of America's Best Colleges by U.S. News & World Report.
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