Worcester, Mass. – June 22, 2021 –Worcester Polytechnic Institute (WPI) announced today that Michael S. Horan, Ed.D., CPA, an accomplished financial professional with experience in higher education and industry, will join the university in August as executive vice president and chief financial officer (CFO). Horan is currently vice president for finance, CFO, and treasurer at Illinois Institute of Technology. He will fill the position previously held by Jeffrey S. Solomon, who is retiring after 16 years at WPI.
“Michael Horan brings to WPI an impressive track record of using data-driven decision-making in resource management, and in being strategic and market-driven in ways that both increase financial resilience and provide opportunities to invest for innovation,” said WPI President Laurie Leshin. “His progressive experience in business, finance, and operations will be particularly valuable as we continue to manage through the pandemic, evolve our distinctive approach to education and research, and respond to dynamic pressures on higher education, most critically the needs and expectations of students and their families for access, affordability, and long-term relevance of the education and experiences WPI provides.”
Horan was appointed after a national search and will report directly to Leshin. He will oversee a team responsible for accounting, finance, financial planning and analysis, operations, campus facilities and planning, campus police, and information technology at WPI. He also will serve as the university’s chief investment officer. The university has an annual budget of more than $250 million, an endowment of $600 million, employs about 1,200 faculty and staff, serves about 7,000 undergraduate and graduate students, and operates a 95-acre campus plus additional facilities in the region.