Friday, October 15, 2010

Biz School Alum to Become Wake Forest CFO

Wake Forest has named B. Hofler Milam senior vice president for finance and administration and CFO. Milam, who will join the university in December, is the vice president for finance and treasurer at Duke University.
Prior to joining Duke in 2003, he held leadership posts at the Wake Forest School of Medicine and QualChoice of North Carolina, a health maintenance organization affiliated with Wake Forest University Baptist Medical Center. He received a bachelor of science degree in accounting in 1976 and his MBA in 1991, both from Wake Forest.
“I am excited about returning to my alma mater and being part of the Wake Forest community,” he said. “President Hatch’s vision for the education of the whole person is especially compelling, and I look forward to joining his leadership team.”
At Duke, he has overseen an array of accounting and financial functions, including administrative systems, budgeting, procurement, payroll, payables, the controller’s office, financial reporting, the bursar’s office, treasury and cash management, as well as university stores and real estate.
In addition to overseeing the University’s financial operations, Milam will assume responsibility for administrative operations such as human resources, facilities and campus services, and the University’s real estate and business operations.
Those areas presently fall under Vice President for Administration Matthew S. Cullinan, who is taking a new position as senior adviser to President Hatch. Cullinan will be responsible for special initiatives growing out of the University’s strategic plan and the upcoming capital campaign.
“Hof Milam brings to Wake Forest exceptional skills and experience, as well as a deep understanding of and appreciation for higher education and for this university,” President Hatch said. “His commitment to transparency and collaboration have been well demonstrated in his work at Duke University and are important Wake Forest values as well.”

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