Curtis Reynolds, former vice president for business affairs at the University of Florida, joins Baylor University to lead financial operations and strategic planning.
Baylor University has announced the appointment of Curtis Reynolds as the new vice president of business and finance and chief financial officer. Reynolds, who previously served as the vice president for business affairs at the University of Florida, will be responsible for overseeing the university’s financial strength and operating efficiency. His appointment comes at a crucial time as Baylor prepares to conclude its successful Give Light philanthropic campaign and embark on a new strategic plan.
A Season of Transition and Growth
Baylor University President Linda A. Livingstone expressed her excitement about Reynolds joining the leadership team during this important period of transition. With the successful completion of the Give Light campaign, which raised over $1.45 billion, and the launch of a new strategic plan, Reynolds is expected to bring an entrepreneurial spirit and sound financial principles to the university. His expertise will contribute to Baylor’s mission as a preeminent Christian research university.
Financial Stability Amidst Economic Challenges
Despite the economic strain caused by the COVID-19 pandemic and inflation, Baylor University has remained financially stable. Fitch Ratings, a global leader in credit ratings and research, has consistently listed Baylor’s long-term bond ratings as “AA-” with a stable outlook. The university’s debt was recently restructured, and its total assets have reached a record high of $4 billion. Baylor’s impressive endowment returns have also attracted national interest, distinguishing the university from others facing soft returns.
Responsibilities and Initiatives
As vice president and CFO, Reynolds will oversee various areas, including budgeting, financial management, procurement, real estate operations, enrollment management, facilities, information technology, and the Office of Investments. Additionally, he will lead the development, communication, and implementation of innovative initiatives to grow institutional revenue in the evolving higher education landscape.
A Leader with Extensive Experience
Reynolds brings a wealth of experience to Baylor University. At the University of Florida, a top 10 public institution, he led a diverse portfolio of campus business and support services. With over 1,400 staff members under his leadership, Reynolds successfully implemented significant real estate development projects and established supply-chain partnership agreements. His experience in strategic planning and negotiation will be invaluable as Baylor continues to grow and thrive.
Commitment to Stewardship and Fiscal Growth
Reynolds expressed his enthusiasm for joining Baylor University and embracing its commitment to judicious stewardship and financial stability. He looks forward to collaborating with President Livingstone, the President’s Council, the Board of Regents, and the entire Baylor community to secure the university’s position as a Christian Research 1 institution. Reynolds’ strong Christian faith and understanding of academia at the highest levels will further strengthen Baylor’s mission.
Conclusion: With the appointment of Curtis Reynolds as vice president of business and finance, Baylor University is poised to continue its trajectory as a leading Christian research university. Reynolds’ expertise and leadership will contribute to the university’s financial strength, operating efficiency, and strategic planning. As Baylor prepares for the next phase of its journey, Reynolds’ appointment marks an exciting chapter in the university’s history.
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