The University chose experience when Sherideen Stoll was appointed as the new chief financial officer.
Effective June 1, Stoll replaced Christopher Dalton, who retired from the position after 20 years as senior vice president of finance and administration.
“It is a little bit intimidating,” Stoll said.
Though Stoll knows she has big shoes to fill, she does have an impressive background working with finances.
For the past three years, Stoll has worked as the vice president of administration and finance at Northeastern Ohio Universities College of Medicine in Rootsville. Before that, she worked for over nine years at Kent State, working her way up to executive director of financial affairs.
“She’s well-prepared, knows the state of Ohio well and has been [in] this [position] elsewhere,” said Linda Dobb, executive vice president.
Dobb said Stoll will be wonderful in the position, just as Dalton was.
Stoll’s responsibilities include working with the provost, managing budgets and meeting with other division heads and the president.
Dobb guessed there are over 100 major budgets and many other sub budgets that Stoll will have to work with.
Currently, Stoll is working on the University operations budget, which has a deficit of $3 million.
She is collaborating with the provost on capital planning and on possible renovations to academic buildings on campus. The rain this past week has also brought up issues about leaking roofs and storm drains that need to be fixed.
Stoll will also be working with Sharon Swartz, director of financial reporting and analysis, to prepare for the upcoming annual independent audit, due in late October.
Swartz said Stoll’s focus is to enhance reporting and analysis. She said she is looking forward to working with her more closely because she has extensive financial experience in higher education and is a creative person.
“She is eager to share her knowledge in the betterment of our financial operations,” Swartz said. “We’re both in agreement together, we will be able to implement very positive changes.”
When Stoll finds free time away from financial responsibilities she enjoys running, walking, spending time with friends, traveling or reading a good book. The last book she read was “Harry Potter and the Deathly Hallows.”
Stoll said she thinks the University is already doing a lot of good things financially and hopes to add to that.