Michael J. Lochhead Named New Vice President for Finance and Administration at Holy Cross

WORCESTER, Mass. – Michael J. Lochhead has been appointed the new vice president for finance and administration at the College of the Holy Cross. He will assume his duties in late August, according to Rev. Michael C. McFarland, S.J., president of the College, who made the announcement.

As a member of the College's senior executive team, Lochhead will be responsible for overseeing all College-wide administrative and financial functions, including budgetary planning, financial reporting and controls, plant management, human resources and auxiliary services. He succeeds William Durgin, who now serves in the newly created position of College treasurer and chief investment officer, where he oversees the day-to-day management of financial assets and staffs the Board of Trustees' investment committee, which makes long-term investment decisions for the College.

"We are delighted to have Michael Lochhead joining the administration at Holy Cross," said Fr. McFarland. "His intelligence, energy, wide-ranging experience in finance and strategic management, ability to work with a variety of different constituencies, and personal knowledge of Jesuit education will be great assets to the College."

For the past three years, Lochhead served as the assistant vice president for business and finance at the University of San Francisco, where he managed areas related to capital planning and budgeting, investments, accounting, reporting and systems analysis.

Previously, he worked as a manager in the Higher Education Consulting Practice at Arthur Andersen LLP, where he was responsible for strategic analysis and planning for several colleges and universities, including Rensselaer Polytechnic Institute and Harvard University. He also worked as a senior accountant at Arthur Andersen for two years, before becoming the manager of financial reporting at Boston College from 1995 – 1999.

Lochhead earned his B.S. in accounting and his M.B.A. from the Carroll School of Management at Boston College.