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Drury names new CFO after resignation

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Drury University this morning announced the appointment of a new chief financial officer after the former executive in the position resigned.

Chelsey Dollarhide, who joined Drury in 2016 as controller, was promoted to CFO and executive vice president of administration. She succeeds Jeff Huinda, who was in the role for one semester and resigned earlier this month for undisclosed reasons. Drury spokesman Mike Brothers said the former CFO was not asked to leave the university. The LinkedIn profile for Huinda, who moved last summer to Drury from Evangel University, does not list a new job. Huinda previously worked for 14 years as corporate accounting manager and controller for the Assemblies of God.

According to a news release, Dollarhide previously worked in public accounting at The Whitlock Co., where she specialized in nonprofit and higher education auditing. She served on The Whitlock Co. team that conducted Drury’s annual audit.

“Chelsey knows Drury well, and I’m pleased that she will be leading our financial efforts during this time of great momentum,” Drury President Tim Cloyd said in the release. “She has the experience and familiarity with our culture and our financial processes to help us fully realize our goals and further the mission of the institution.”

As controller at Drury, Dollarhide implemented the Adavico endowment procedure software, developed general ledger policies for the Board of Trustee’s accounting task force, helped revise the university’s budget development model and worked to implement purchase policy and procedure updates. As she transitions to the CFO role, she’ll be tasked with overseeing the university’s strategic financial initiatives.

In the release, Drury pointed to recent financial success in the form of fundraising during the 2017-18 fiscal year. School officials brought in $20.9 million, a 122 percent increase compared with the prior year.

Drury in late 2017 announced a 25- to 30-year master plan calling on a potential 700,000 square feet of additional space on campus. Drury officials are fundraising for the effort, according to past Springfield Business Journal reporting.

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