Long Island Business News Honors LIU's Robert Altholz as One of the Top CFO's of the Year
Altholz, LIU’s VP for finance and treasurer will be honored at Sept. 20th dinner.
Lindsey Amparo,Writer - Office of Marketing and Public Relations
Long Island University,
Brookville, N.Y. — Long Island University's vice president for finance and treasurer, Robert Altholz, is one of the recipients of the CFO of the Year Award given by Long Island Business News. Honored in the Transformation Agent category, this award recognizes dedicated financial leaders who have contributed significantly to a public or private company or organization that has undergone a difficult transformation or transaction. The award will be presented Sept. 20 at the Crest Hollow Country Club in Woodbury, N.Y.
Mr. Altholz has served as the chief financial officer at LIU since Dec. 2003, overseeing the University's financial affairs and providing executive leadership as one of eight officers on its senior management team. He has successfully managed LIU's finances during a period of extraordinary challenges facing the University, its students and its communities. Working with University officers, provosts, deans and faculty and staff unions he remains focused on ensuring that the University lives within its means while preserving the University's core educational mission. He is currently in the process of refinancing approximately $60 million of University debt, which is anticipated to save the University more than $7 million in debt service over the next two decades.
As a certified public accountant who worked for Ernst & Young and Arthur Andersen, Mr. Altholz began his career in higher education finance at Yale University, rising to assistant comptroller. His experience supervising investment accounting, disbursement, payroll, funds administration, and financial analysis and reporting at Yale led to an appointment at Saint Louis University in 1987.
After serving as Saint Louis' associate vice president and treasurer for eight years, Mr. Altholz was promoted to vice president for finance, while retaining the title of treasurer. As chief financial officer, he managed the financial functions of a multicampus institution with an operating budget of $500 million and an endowment of approximately $650 million. Four years after he became CFO, Moody's increased Saint Louis' rating to A1 (top 60 in the country)—a level at which it remained throughout his tenure.
Mr. Altholz, who holds a B.S. in economics from New York University and an M.B.A. from Bernard Baruch College, City University of New York, is a member of the American Institute of Certified Public Accountants and the National Association of College and University Business Officers.
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