Hammond New VP of Finance and Administration

Thursday, June 23, 2011 - 16:24

Ben Hammond, executive director of finance and administrative services for Princeton University’s facilities organization, has been selected as Mount Holyoke's new vice president for finance and administration and treasurer, President Lynn Pasquerella announced today.

Hammond, who has been at Princeton since 2002, has led budget, finance, business operations, procurement, and IT for the university's 1,000-person facilities organization, and he co-developed and managed its $2.5 billion capital plan. Before assuming his current position in 2007, he served as the director of planning and administration in the office of Princeton's executive vice president, where he led budgeting and strategic planning, as well as major process improvement initiatives for the university.

"Ben brings exceptional leadership and managerial skills, an innovative and entrepreneurial spirit, and a genuine commitment to the value of liberal education," said Pasquerella. "I am very excited to have him join the administrative team at Mount Holyoke, and I look forward to having Ben engage in our collaborative strategic planning efforts."

At Princeton, Hammond has managed a $152 million operating budget and been involved in planning and funding all capital activity. Experienced in virtually every aspect of non-academic administration, he has worked closely with Princeton's faculty, staff, students, alumni/ae, and trustees, as well as the local community, in support of the university’s teaching and research mission. He led cost-saving initiatives and improved financial and administrative services; developed strategic plans; reviewed budgets and operations of administrative departments; negotiated real estate transactions; championed renewal of Princeton’s historic campus and major sustainability investments; co-led human resources on an interim basis and helped enhance benefits; worked with students to improve campus services; and, as a fellow of the university's Whitman College, advised students who are considering a career in management consulting.

Hammond was raised in Exeter, New Hampshire. He received a bachelor's degree in history and literature from Harvard College, magna cum laude, and a master’s in business administration from the University of Pennsylvania’s Wharton School. He is married to Kate Holdsworth Hammond, assistant director of the Center for Economic Policy Studies at Princeton University. Together they have two young daughters.

"As the product of a liberal arts education and the father of two girls, the mission of Mount Holyoke resonates strongly with me," said Hammond. “I am honored and delighted to join the Mount Holyoke community and am committed to enhancing support for the College’s historic mission of teaching, scholarship, and educating women as leaders. I look forward to working collaboratively with faculty, staff, students, trustees, alumnae, colleagues at the Five Colleges, as well as neighbors in South Hadley and Holyoke to further develop and implement MHC’s strategic plan.”

Prior to his employment at Princeton, Hammond volunteered through Voluntary Service Overseas at Gambia Technical Training Institute in The Gambia, West Africa, helping the polytechnic institution strengthen its economic model. Previously he was a management consultant, most recently with McKinsey and Company in London, where he helped leading corporations align their strategies, organizations, and operations with market forces.

Mount Holyoke’s vice president for finance and administration and treasurer serves as the chief financial and administrative officer of the College and oversees finance and treasury, facilities, human resources, dining services, auxiliary services, and conference services. The director of the Three College public safety department (serving Hampshire, Smith, and Mount Holyoke), the director of environmental health and safety (serving Hampshire and Mount Holyoke), and the Five College risk manager also report to the vice president.

Hammond will succeed longtime Mount Holyoke vice president Mary Jo Maydew, who is retiring.