February 18, 2016
Nancy Hobbs, who has filled several senior leadership roles within the Business and Finance Division at the University of Michigan, has been named associate vice president for finance for the university.
Her appointment, effective March 1, was approved Thursday by the Board of Regents. She has served as interim associate vice president since March 2014.
In the position, Hobbs will have responsibility for the university's central financial functions of purchasing, accounts payable, procurement, accounting, payroll and sponsored programs. Additionally, she will be responsible for the externally audited financial statements, financial analysis, internal controls, tax management and treasury functions.
As associate vice president, Hobbs will report to Kevin Hegarty, the university's executive vice president and chief financial officer.
"Nancy brings a broad set of skills to a position that has tremendous responsibility because the areas she oversees touch nearly everything we do across the university," Hegarty says.
Prior to becoming the interim associate vice president for finance, Hobbs served as the university's director of procurement services and filled a number of other key finance positions
"I am looking forward to continuing the important work of advancing the many key university initiatives in a cost-effective way," Hobbs says.
Before joining the university in 2003, Hobbs worked in a variety of finance-related positions, including auditor at Ford Motor Co. and certified public accountant at Arthur Andersen.
Hobbs earned her Bachelor of Business Administration degree from U-M and a Master of Business Administration degree from Eastern Michigan University.