David Rusenko Appointed Vice President, Associate Treasurer and Chief Financial Officer
The following message was sent by Executive Vice President, Treasurer and Chief Operating Officer Helen Y. Bowman:
It is my great pleasure to announce that David Rusenko has been appointed to serve as Vice President, Associate Treasurer and Chief Financial Officer (CFO) for the University, effective Jan. 1, 2021. This promotion makes permanent the role Dave has been fulfilling on an interim basis as he has successfully led the University's financial strategy through some of our biggest initiatives, including the transition to new enrollment and budgeting models and the Schuylkill Yards master development agreement, and some of our greatest challenges, including the bankruptcy of AAHS/Hahnemann, and, most recently, the financial impact of the COVID-19 pandemic. Dave's steady hand, deliberative and strategic approach, and unwavering commitment to the University's core academic and research mission have helped Drexel maintain its strong and solid financial footing.
As Vice President, Associate Treasurer and CFO, Dave will continue to provide leadership for the offices of the Comptroller, Budget and Financial Planning, Tax Compliance, and Treasury, overseeing the University's financial strategy, management and reporting.
Dave joined Drexel in January 2014, after 13 years of service leading Finance and Administration at the Academy of Natural Sciences, and 15 years with United Way before that. During his seven-year tenure at Drexel, Dave has worked with colleagues across the University to complete two bond offerings, establish the master development agreement for Schuylkill Yards, set up the Armory/US Squash project, develop the financing plan for the Bentley Hall renovation, develop the ground leases for The Study Hotel and Vue 32, and manage the financing and new market and historic tax credit compliance for the Dornsife Center for Neighborhood Partnerships, Stephen and Sandra Sheller 11th Street Family Health Services Center, Thomas R. Kline Institute for Trial Advocacy, and Powel Elementary/Science Leadership Academy Middle School. He also worked to establish the joint education program with Lanzhou University, identify financial support for the purchase of St. Christopher's Hospital for Children, and establish $80 million of new lines of credit for the University.
Dave received the Drexel President's Award for Excellence in 2012 for the key role he played in integrating the administrative functions of the Academy with Drexel. In 2011, he received the Chestnut Place Clubhouse Outstanding Support and Advocacy Award for his work promoting transitional employment in Philadelphia
Please join me in congratulating Dave on his well-deserved promotion and wishing him continued success in his new role.