CFO to leave IU for Temple University

Neil Theobald, chief financial officer and senior vice president, has been named president of Temple University and will leave IU this academic year to fill that role.

Theobald, who has been at IU since 1993 as an education finance professor and later as CFO, will assume the Temple presidency on Jan. 1, 2013, according to an IU press release.

The Board of Trustees at Temple selected Theobald because of his experience with the financial side of running a university and his desire to make college affordable for all students, a Temple press release reported.

“He wants to ensure that students have access to an education that is first-class and affordable,” Temple Trustees Chairman Patrick J. O’Connor said in the release. “At Indiana, he made the tough decisions demanded by our times, while creating greater opportunities for student scholarship. I can't think of a better set of values to bring to the Temple presidency."

Numerous members of the IU administration also praised his contribution to the University and said he would be missed, including IU President Michael McRobbie, Board of Trustees President William Cast and Bloomington Faculty Council President Carolyn Calloway-Thomas.

The process to search for a new CFO is still unclear, and the University will release details in, “the near future,” according to the IU press release.
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— Michael Auslen