President Teresa A. Sullivan has chosen Patrick D. Hogan, a business executive with extensive background in finance, operations and health care, to be the University of Virginia’s new executive vice president and chief operating officer, effective Oct. 25. The Board of Visitors endorsed his appointment at its meeting today by electing him an officer of the board.
He will oversee the financial affairs of the University and each of its schools and divisions, including the Medical Center. In addition, several key operational and administrative areas, such as human resources, facilities management, real estate and public safety, will report to him.
Hogan, who lives in Charlottesville, spent more than 35 years with the global professional services firm Ernst & Young, where he held significant leadership and management roles in the U.S., Asia and the United Kingdom. His broad background includes accounting, finance, risk management, compliance, operations, business processes, and he’s experienced in corporate governance and strategy.
“Pat Hogan brings extraordinary business and financial acuity to his new role as the University’s COO,” Sullivan said. “His three decades of working with Ernst & Young, one of the world’s most distinguished companies, have taken Pat around the globe and positioned him as a strong institutional leader of large staffs and manager of multibillion-dollar budgets.
“We are fortunate to have attracted someone of his experience and proven ability, as well as someone who understands and appreciates our distinctive culture. This combination will serve him well as he begins his work here.”
Rector Helen E. Dragas agreed with the president’s assessment. “I am impressed with Pat’s thoughtful nature, demonstrated leadership skills and his experience in quality assurance, academic medical center strategy and leading change in large organizations,” she said.
After Hogan’s predecessor, Michael Strine, resigned in August after serving for 13 months, the president reconvened the previous search committee in order to expedite the search. Hogan received a five-year contract at an annual salary of $450,000. He will report to Sullivan.
“I’ve been very involved with the University for the past 25 years in a variety of capacities,” he said. “I’m excited about becoming a part of President Sullivan’s team and helping her to move the University forward.”
The Board of Visitors appointed Hogan in 2011 to the Medical Center Operating Board, which undertook a strategic planning process this year. “That helped me a great deal to learn and understand the operation and the challenges at the Medical Center, including government funding and competition,” he said. “I am eager to assist medical center leadership in their goal of continuing to deliver world-class health care.”
Ernst & Young operates in 140 countries, with 167,000 employees and revenues of $24.4 billion. Living in London from 2006 until this year, Hogan oversaw the company’s global quality and risk management function. Before that, he was posted to Hong Kong, where he led Ernst & Young’s Asia/Pacific auditing and advisory business services, which comprised more than 20,000 people and $1.5 billion in revenue. One of his signature accomplishments was helping to transform an international partnership from a decentralized model to a clearly articulated brand with well-defined policies, practice standards and technologies.
His health care industry experience includes 20 years in Ernst & Young’s Norfolk and Richmond offices, consulting and leading financial audits of mid-Atlantic facilities, among them the U.Va. Health Services Foundation.
Hogan said he accepted the job partly out of affection for U.Va. “I have a great love for this institution,” he said. “My daughter, son-in-law and other family members went to school here. My wife and I recently returned to Charlottesville after living overseas for 10 years, and I saw this as a unique opportunity for me to get very involved with the community and with an institution that I admire tremendously.”
Though he has spent his career in the corporate world, Hogan said his background will serve him well in this new role. “When you break down the various aspects of the COO’s portfolio, you see it’s very similar to the work I’ve done over the past 3½ decades,” he said. “Working with and learning from U.Va.’s excellent higher education professionals will accelerate my transition from the corporate to the academic world.”
He has guest-lectured at the McIntire School of Commerce on topics including enterprise risk management, and he has developed case studies with faculty. He was a long-time member of McIntire’s advisory board and served as vice chair.
As U.Va.'s executive vice president and chief operating officer, Hogan’s major responsibilities will be to:
• Serve as a financial and business partner and adviser to the president, provost, Board of Visitors, vice presidents and deans.
• With Executive Vice President and Provost John D. Simon, lead all phases of U.Va.'s financial and capital planning and budgeting processes, including the implementation of the responsibility-based budgeting paradigm.
• Collaborate with Simon to continue the development of a funding model for the University that recognizes likely changes in state funding levels, research support, philanthropic giving and investment returns.
• Drive the development of financial and operational policies and procedures that integrate space, fiscal and human resource considerations to advance U.Va.'s instructional, research and public service missions, including clinical care.
• Enhance the customer service culture within the financial and operational functions of the University, ensuring that internal "customers" and external stakeholders view centralized services as responsive and value-added and with a focus on improving the undergraduate experience.
• Collaborate with the vice president and CEO of the Medical Center and the vice president and dean of the School of Medicine to lead further improvement of clinical services.
• Serve on the recently established strategic planning steering committee.
• Ensure that U.Va.'s financial, capital and operational resources are deployed with integrity and aligned with the University's goals.
Hogan, 60, graduated in 1975 from Old Dominion University in Norfolk with a bachelor’s degree in business administration and is a certified public accountant. He and his wife, Sharon, have been married for 37 years, and Hogan is active with community and professional organizations including the American Institute of CPAs, the U.Va. Alumni Association and the Virginia Athletics Foundation.