Dean searches and UofL financial health highlights of BoT meetings

The University of Louisville’s ongoing dean searches and financial health were highlighted during the Board of Trustees committee meetings on March 20.

Executive Vice President and University Provost Gerry Bradley addressed ongoing dean searches.  

• Semifinalist interviews for the dean of the College of Business concluded in February. Campus visits with four candidates began in mid-March. The search is expected to conclude by summer 2025.
• The dean search for the School of Dentistry is active and expected to conclude by summer 2025.
• Teresa Reed, dean of the School of Music since 2019, will step down in summer 2025 to return to a faculty position. Provost unit meetings on next steps were held in January and February. Associate Dean Krista Wallace-Boaz will serve as interim dean.

Bradley also provided an update on the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) reaffirmation of the accreditation process. Committee meetings have begun, with the application due in fall 2026 and site visits scheduled for March 2026.

Aaron LeMay, the newly appointed executive vice president for finance and administration and chief financial officer, reported on capital projects and budget development.

Both the steam/chilled water plant modernization project and the HVAC upgrade in the Chemistry Building are underway, on schedule and within budget.  

LeMay said that “tuition and fees are exceeding the expected budget” because of continued record enrollment. The university’s liquid cash exceeds prior years due to budget, investment and asset management. Current liquid assets are more than $10 million greater than financials for fiscal year 2024 at this same time, and nearly $40 million greater than March of fiscal year 2023.

UofL’s CFO said he and his team are exploring new strategies that will continue to boost the university’s financial performance.

The University of Louisville Research Foundation and Board of Trustees will meet April 17, 2025. Agenda items and meeting minutes are available on the university’s Board of Trustees website.