Simon Allen joins Virginia Tech from Cornell University
issued
March 19, 2024
by
robin sidersky
Simon Allen.Photo courtesy of Virginia Tech
Virginia Tech has hired Simon Allen as chief financial officer and vice president for finance, the university announced Monday.
Mr. Allen currently serves as Vice President for Finance and Chief Financial Officer for Cornell University's Ithaca Campus. In his new role, which he will begin May 6, Allen will report to Amy Sebring, Virginia Tech's executive vice president and chief operating officer. Ken Miller, who has served as Virginia Tech's vice president for finance since 2020, announced his retirement in September 2023. He had worked at the university for 35 years.
Mr. Allen supports Virginia Tech's teaching, research, and outreach efforts, serves on the President's Council, and oversees and manages the university's major financial operations, including budgeting and financial planning, capital financing, financial reporting, and financial management. be directly responsible for. He is responsible for accounting, college scholarships, insurance, payroll, travel, procurement and taxes, according to a news release.
“Throughout his career in both the private sector and higher education, Simon has demonstrated the ability to bring stakeholders together to solve complex problems in a mission-driven and people-focused manner,” Sebring said in a statement. Stated. “Simon's financial expertise and collaborative leadership style will help Virginia Tech support the university's strategic goals and further strengthen Virginia Tech's strong financial management and positioning record to continually improve financial services. You can.”
Mr. Allen spent approximately five and a half years at Cornell University, overseeing an annual operating budget of approximately $6 billion, net assets of $14 billion, a debt portfolio of $1.9 billion, and capital assets of $1 billion, while overseeing Cornell's three campuses. provided support. Ithaca, New York, New York City. Prior to working at Cornell University, Mr. Allen worked in the financial industry, serving as the U.S. editor-in-chief of the real estate and private equity division of European asset management firm Amundi Asset Management.
Allen holds an MBA with a concentration in Finance and Economics from the University of Warwick in Coventry, UK, a Master's degree in Environmental Management from Duke University, and a Bachelor's degree in Urban Real Estate Management from the University of Westminster, London.
