Calvin College Works To Plug Budget Shortfall; Top Financial Officer Steps Down

Ann McClure's picture
Friday, November 30, 2012

Calvin College’s top financial officer is stepping down, President Michael Le Roy announced in a letter sent to faculty and staff this week.

Henry DeVries, vice president for administration, finance and information services, will leave by the end of the week by “mutual agreement” with the college. He’ll stay on in an advisory role through Dec. 21.

“Henry has served the college faithfully for 15 years and I am grateful for his devotion to Calvin College,” Le Roy wrote. “A search will begin immediately for a new vice president and chief financial officer with the hope that this position will be filled this spring.”

DeVries’ departure comes on the heels of news that a series of faltering investments has the college facing a significant budget shortfall by 2017, a scenario administrators expect to remedy by selling real estate holdings, eliminating academic programs and services, and reducing spending.

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