Mark Varholak of Orange, associate vice president for budget and financial planning, has been promoted to vice president for finance/chief financial officer at Quinnipiac University. The promotion took effect July 1, 2015.
In announcing the appointment, President John L. Lahey said, “Quinnipiac University is most fortunate to have someone of Mark’s ability within its ranks, someone who uniquely combines a decade of corporate private sector experience with over 12 additional years of not-for-profit experience at Quinnipiac. I am enormously confident in Mark’s ability to serve in this new position and to provide continued financial leadership for us in the years ahead.”
In his new role, Varholak will oversee all aspects of financial management of Quinnipiac’s three campuses, eight schools and Division I athletic program. “It is an honor and a privilege to continue to serve Quinnipiac University in my new role,” Varholak said. “The higher education landscape is changing rapidly, and I am excited about our opportunities to implement business strategies that will play a role in helping the university prosper for years to come.”
For the past two years, Varholak has served as associate vice president for budget and financial planning and as a member of the President’s Cabinet. “As our chief budget officer during this period, he helped guide us through a period of redistribution of resources, including the financial restructuring of a number of our academic programs that experienced enrollment declines as well as targeted investments in other academic program areas with expanding enrollments,” Lahey said.
Prior to serving as a cabinet officer and a member of the Senior Leadership Team, Varholak served for more than 10 years as an assistant controller on the finance team. Before joining Quinnipiac, Mark served for almost 10 years in positions of increasing responsibility at Deloitte & Touche and GE Capital, culminating in his final role at GE Capital as a manager of finance. He is a certified public accountant and has earned an MBA with a concentration in finance and international business from New York University and a bachelor’s degree in accounting and international business from Pennsylvania State University.