Senior Vice President for Business and Finance and Chief Financial Officer
Ohio State University
Geoffrey S. Chatas leads all financial activities and oversees a $6 billion annual budget as chief financial officer and senior vice president of business and finance for The Ohio State University.
Since joining Ohio State in 2010, he has focused on innovative funding approaches to support the university’s academic mission without expanding reliance on tuition or taxpayers. He oversees Accounting, Business Advancement, Compliance, Corporate Engagement and Technology Commercialization, Financial Planning, Internal Audit, Investments, Risk Management, Treasury and the Wexner Medical Center CFO.
Highlights of his leadership include:
• A $1.165 billion public-private partnership to enhance sustainability and support Ohio State’s academic mission. Ohio State’s comprehensive energy management project will create a $50 million hub for research in sustainability and energy use, improve the energy efficiency of the Columbus campus by 25 percent within 10 years and create endowments to support access, affordability and excellence. [Details at go.osu.edu/cemp]
• A $252 million academic and athletic contract with Nike. The innovative contract provides $41 million in non-athletic benefits, including scholarships, internships and support for the University Institute for Teaching and Learning.
• A $483 million lease of the university’s parking operation. The proceeds were placed in endowments that in less than five years have generated more than $105 million for student scholarships, faculty positions and other priorities. [Details at innovativefunding.osu.edu]
• An operational excellence program at the Wexner Medical Center that has increased cash on hand by more than $150 million. The intense focus on administrative costs amid a $1.1 billion expansion has strengthened the financial position of the medical center while maintaining superior patient care and safety.
• A streamlining strategy at the university that has saved $190 million over five years by strategic use of master vendors for goods and services.
ECONOMIC DEVELOPMENT AND FINANCE
• The creation of 61 startup companies since 2010. Ohio State startups have leveraged $2 million in university investments to attract $95 million in outside capital.
• The sale of $500 million in century bonds to lock in low-interest financing for 100 years. Ohio State was the first public university to issue 100-year bonds.
• Two Bond Buyer Deal of the Year awards in five years. In 2016, the university’s use of a shelf-like registration process for up to $1 billion in municipal debt won the Midwest region award. In 2012, the parking concession won in the nontraditional financing category.
These and other efforts support the university’s commitment to access, affordability and excellence.
Back to speakers