by Walter Kraft, Published August 05, 2014
YPSILANTI, Mich. -- Eastern Michigan University (EMU) has named Michael Valdes Chief Financial Officer, pending approval by the Board of Regents. The appointment is effective August 25, 2014.
Valdes joins Eastern after serving as chief financial officer for Agility Health, Inc. in Grand Rapids, Mich., a position he held from 2010-2014. For nine years prior to that, he held leadership positions at University of Michigan Hospitals & Health Centers. From 2006-2010, he was associate hospital director, operations and ancillary services, and chief administrative officer for University Hospital. From 2001-2005, he was director of finance and business operations (Patient Care Services).
Eastern Michigan University President Susan Martin said, “I am delighted to welcome Michael as a key addition to the Eastern Michigan University leadership team. He brings a great deal of experience to Eastern as we continue to focus on effective and sound financial management while keeping the cost of a higher education affordable for our students.”
Michael Valdes said, “It is a tremendous honor to be named Chief Financial Officer for Eastern Michigan University, and join its leadership team. I look forward to working with President Martin, the Board of Regents, and all faculty and staff to continue to build a strong and sustainable future for the University and its students."
The Chief Financial Officer is responsible for the following financial service units:
Valdes replaces John Lumm who announced his retirement earlier this year. Lumm served as CFO for six years.
Valdes has an MBA from the Ross School of Business at the University of Michigan, and earned his BBA from the University of Toledo.
Valdes lives in Brighton with his wife, Julie, and their three sons. His annual salary will be $225,000, and he will be eligible for up to a 10 percent bonus annually.
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