Colette Sheehy, vice president for management and budget at the University of Virginia, has selected Mark C. Hampton to serve as assistant vice president for budget and financial planning.
Hampton, who currently serves as senior associate dean for strategy and planning at U.Va.’s Curry School of Education, will be responsible for primary oversight of the Academic Division’s operating and capital budgets. U.Va.’s Academic Division operating budget for the 2013-14 academic year totals $1.4 billion, while the University’s capital budget, including the College at Wise, is about $800 million.
He succeeds Melody Bianchetto, who was named associate vice president for finance in March by Executive Vice President and Chief Operating Officer Patrick Hogan.
Sheehy said Hampton’s experience managing the budget and financial planning at the school level at U.Va. and in central offices at other institutions provides him a distinct advantage as he begins his new assignment. The new job includes working closely with all schools to ensure alignment of resources with institutional priorities and to support financial planning with analysis and metrics.
“Mark brings a proven ability to collaborate across schools and central finance units and is comfortable working with state- and institutional-governing entities,” Sheehy said. “He already has worked closely with development of the new financial model and the strategic planning process, which means he will have a fairly flat learning curve in the new role. We look forward to having his expertise and energy benefit the entire University.”
Hogan added, “Mark Hampton brings the ideal set of skills and experience needed to ensure that the important work of the Budget Office will continue seamlessly as we focus on key issues, including the internal financial model and development of a continually updated long-term financial plan for the entire University.”
Hampton said the new role represents a greater professional challenge and an opportunity to employ knowledge gained from a diverse set of higher education roles in a position whose work will influence the entire enterprise.
“I’m grateful for this opportunity to continue to serve the University of Virginia,” Hampton said. “My career has provided me with rich variety, from teaching to strategic planning and budget development. I begin this new role with a tremendous sense of enthusiasm and look forward to helping the University develop plans to wisely manage limited resources so that we may continue to provide an exceptional education to our students.”
Hampton’s position supports U.Va.’s highest priorities by working with finance professionals throughout the University to identify, project, allocate and manage resources available for operating and capital expenditures. The position oversees the budget projection and allocation practices, makes resource allocation recommendations and provides financial planning that informs executive management decision-making and the strategic planning processes.
Hampton has spent the past six years at the Curry School of Education, concurrently serving in his role as the school’s chief financial officer and as a lecturer in the Department of Leadership, Foundations and Policy. He also serves or has served on numerous University committees, including the Streamlining Work Group of the Strategic Planning Steering Committee, the Committee on Graduate and Professional Financial Aid and the New Internal Financial Model Core Work Group.
Prior to joining U.Va., Hampton taught and served in management and research-related roles at Virginia Commonwealth University, the State Council of Higher Education for Virginia and the University of Utah.
Hampton earned a Ph.D. in educational leadership and policy, a master’s degree in statistics and mathematics and a bachelor’s degree in mathematics, all from the University of Utah.
In his new U.Va. role, Hampton also will be responsible for development of tuition pricing recommendations and multi-year financial planning models, and will oversee the generation and maintenance of the six-year financial plan required by the state’s Higher Education Opportunity Act of 2011.