UM System appoints new chief financial officer

Friday, June 20, 2014 | 5:05 p.m. CDT; updated 6:01 p.m. CDT, Saturday, June 21, 2014

COLUMBIA — University of Missouri System president Tim Wolfe announced Brian Burnett will be taking over as chief financial officer for the UM System effective Aug. 1.

Brian BurnettBurnett, who has a doctorate in educational leadership, research and policy, will come to Missouri from his post at the University of Colorado at Colorado Springs, where he has been the senior executive vice chancellor for administration and finance since 2012, Burnett said.

Burnett has been at the University of Colorado at Colorado Springs since 2003, and has served in a number of concurrent roles during his time there, including vice chancellor for administration and finance and Colorado University's associate vice president for administration and foundation relations, according to a UM System news release.

In addition to his educational duties, Burnett worked as the deputy executive director for the Colorado Department of Corrections, per the request of a newly elected governor, according to his resume.

Wolfe said in the release that the faculty look forward to having his expertise and comprehensive knowledge in a variety of arenas to help "direct the long-term planning efforts and strategy of the business and financial functions surrounding our system structure, all four campuses and the university health care enterprise."

Burnett said he plans to bring "creativity and strong financial support" to help meet the needs of the UM System, a skill he learned after spending time in cash-strapped Colorado.

"When you don't have a lot of state funding, you learn how to be creative on the revenue side, you just have to," he said.

After Aug. 1, Burnett will be responsible for providing management and leadership over departments such as the treasury, controller, management services, budget planning and development, internal audit functions, and procurement, according to the release.

Burnett will also act as a general officer to the university. His starting salary is set at $300,000.

Supervising editor is Seth Klamann.

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