Office of the Senior Vice President for Finance & Business/Treasurer
Dr. Sara F. Thorndike is the Senior Vice President for Finance & Business/Treasurer at Penn State University. The Senior Vice President for Finance & Business/Treasurer reports directly to the President of Penn State.
The Senior Vice President for Finance & Business/Treasurer is responsible for overseeing Penn State's financial performance and operating budget, $6.8 billion for the 2019-20 fiscal year, and leads financial endowment, business, and administrative activities across all Penn State campuses. The position serves on the President's Council, the Penn State Investment Council, the Board of Directors for the Corporation for Penn State, and the Board of Directors for the Penn State Hershey Medical Center and the Penn State Hershey Health System.
Under The Senior Vice President for Finance & Business/Treasurer's leadership, Penn State launched several multiyear initiatives including LionPATH, Penn State's student information system; WorkLion, a modern human resources and payroll management software system; and the System for Integrated Management, Budgeting and Accounting, or SIMBA, the University's new budgeting and financial information system.
The Senior Vice President for Finance & Business/Treasurer is an Executive Sponsor for the Resource Optimization Initiative (ROI) alongside President Eric Barron, Provost and Executive Vice President Nicholas Jones, and Vice President for Administration Frank Guadagnino. The initiative has eleven workstreams working towards the goal of enhancing the University's operational efficiency and minimizing costs.
The position oversees the management of Finance & Business as well as the strategic planning processes of mission-critical units: Auxiliary and Business Services, Commonwealth Operations, Corporate Controller, Diversity and Inclusion, Enterprise Project Management, F&B at the College of Medicine, Internal Audit, Investment Management, Office of Risk Management, Organizational Change Management, Physical Plant, and University Police and Public Safety.