ORONO, Maine — The University of Maine has promoted an administrator to take over as its top financial manager on an interim basis.
Judy Ryan has been named vice president for administration and finance, according to a prepared statement released by the university on Thursday. She replaces Janet Waldron, who left to take a job in Texas.
Ryan, who formerly held the post of associate vice president for human resources and administration, was named to the job on a one-year, fixed-length basis. A search for a permanent vice president will be conducted in the coming year.
The position Ryan is leaving will be filled temporarily by Megan Sanders, who was the university’s associate director of human resources. Ryan will be paid $165,000 and Sanders will be paid $120,00 in the new roles.
Ryan did not immediately return a message seeking comment Friday. She assumes her new role at a financially stressful time for the university.
“I am very grateful that Judy and Meg have graciously agreed to step into these significant management positions at a critical time for UMaine,” said UMaine president Paul Ferguson. “It is essential that we ensure continuity and excellence of operations while we prepare for timely and appropriate management searches. Judy and Meg will bring that continuity and excellence.”
The university is in the process of cutting $9.7 million, or about 3.5 percent, from its fiscal year 2015 budget. Much of the savings will come from the university’s reserves, but about 37 full-time equivalent positions will be cut.
The cuts are part of a $36 million budget shortfall systemwide, which all seven campuses are confronting. A proposed budget for the system will be reviewed by the board of trustees’ committee for finance, facilities and technology on Monday and will be voted on by the entire board at the May 18-19 meeting.
“The timing of Waldron’s departure requires a competent, experienced administrator overseeing the functions of the eight departments currently reporting to the [Vice President for Administration and Finance],” the press release stated.
Ferguson announced in early April that Waldron would be leaving the position she held at UMaine for 11 years to take a job as vice chancellor for administration and finance at the University of North Texas System. Waldron’s annual salary was listed in UMS records as $169,976 on April 10, 2014. In 2012, the Texas Tribune reported that the vice chancellor for administration at the University of North Texas System made $277,560 annually.
Though Waldron’s new position officially began April 28, she will be available to UMaine on a limited consulting basis and throughout the budget finalization process, the prepared statement said.
In addition to her role at UMaine, Ryan has previously held administrative positions at the University of Southern Maine and the University of Maine System.
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