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Elzey Named Drexel/MCPHU Chief Financial Officer
Thomas J. Elzey has been appointed senior vice president/chief financial officer of Drexel and MCP Hahnemann University effective January 14. He was previously senior vice president and chief financial officer-treasurer for Howard University, a university of more than 10,000 students in metropolitan Washington, D.C.
At Howard, Elzey oversaw all financial, treasury and auxiliary enterprise functions of the University and its hospital, as well as capital planning and projects implementation. During his six years at Howard, Elzey held the positions of vice president for business and fiscal affairs/treasurer and executive vice president and chief operating officer/CFO. With Elzey as treasurer, Howard’s endowment grew 140 percent and the hospital eliminated $10 million in debt and repaid the University $20 million loan. He also stabilized the University’s bond rating, eventually earning an upgrade from “negative” to “positive” from both Standard & Poor’s and Moody’s.
Elzey has also served as deputy executive director for finance for the Thrift Depositor Protection Oversight Board and the Resolution Trust Corporation in Washington, D.C.; vice president at Perry Investments in Saratoga, Calif.; general manager and chief executive officer of the San Francisco Public Utilities Commission; first deputy budget director and budget director in the Chicago Office of Budget Management; and senior policy/program analyst and deputy branch chief/senior budget examiner in the Commerce Division’s Office of Management and Budget (OMB) in the Executive Office of the President of the U.S. At the OMB, Elzey served as a representative on the White House Cabinet Council on Commerce and Trade Group for Minority Business Development and Small Business Policy.
“I am both thrilled and excited about coming to Drexel and MCP Hahnemann University,” said Elzey. “I look forward to working with President Papadakis, the board of trustees, senior officers, deans, faculty, staff, and the students to take Drexel and MCP Hahnemann University to the next level.”
Elzey earned his B.S. in economics from Bradley University and an M.S. in Public Management and Policy from Carnegie Mellon University. He holds Series 7 and 63 securities licenses. At Drexel, Elzey fills the position held by the late Frank Bachich, who passed away in August 2000. Elzey and his wife Monedia have two daughters, Briana and Tommi.