Florida Official to Head Finance, Administration

The University of Florida’s top financial officer has been named UNC’s chief financial officer and vice chancellor for finance and administration.

Chancellor Carol L. Folt announced Matthew M. Fajack’s appointment, effective June 9, following approval by the Board of Trustees. Fajack was selected after a national search and the work of a search committee led by James W. Dean Jr., executive vice chancellor and provost.

Kevin Seitz has been the interim vice chancellor since October, following the resignation of Karol Kain Gray, who left UNC last year after 20 months in the position. Gray had succeeded Richard Mann, who came to UNC in 2006; both Gray and Mann had come to UNC from the State University of New York at Stony Brook.

Fajack, who has served as UF’s vice president and chief financial officer since 2008, has been primarily responsible for financial planning and analysis while overseeing the budget process, finance, treasury and accounting. His office implemented significant initiatives to improve the efficiency and effectiveness of administrative processes, and he helped design and implement financial systems and processes that centralized a formerly diffuse financial structure. He also is credited with more closely aligning decision making with the financial consequences of those decisions.

For three years before joining UF, Fajack was executive director of financial affairs at Kent State University; for 14 years prior to that, he was chief financial officer for the Dallas-based Beta Capital Group.

Fajack “brings not only a wealth of experience at two distinguished public universities but also a thorough understanding of risk management and administrative services,” Folt said. “Throughout Matt’s career, efficiency and improvement in business performance have been paramount.”

As vice chancellor, Fajack will serve as the University’s principal finance and business officer. His responsibilities will include oversight of campuswide financial planning and budgeting; treasury and risk management; facilities planning, construction and operations; real estate development; purchasing; public safety, environmental health and safety; and energy services.

Before joining Beta Capital Group in 1990, Fajack spent 11 years in the airline and security systems industries. He was an audit manager for Arthur Anderson & Co. A native of Ohio, Fajack earned a bachelor’s degree in accounting from the University of Minnesota.

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