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An Invitation to Apply for the Position of EXECUTIVE VICE PRESIDENT

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An Invitation to Apply for the Position of EXECUTIVE VICE PRESIDENT The University of Virginia Search for an EVP COO Page 1 An invitation to apply for the position of EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER THE SEARCH The University of Virginia seeks nominations and applications for the position of Executive Vice President and Chief Operating Officer (COO). The next COO will join the University at a time of celebration and opportunity as it welcomes its ninth president, James E. Ryan, and begins the commemoration of its 200th year. From its inception, the University has been motivated by a grand ambition to develop citizen leaders in all fields of endeavor and to contribute to the common good in solving the most challenging issues of our time, in service of the Commonwealth of Virginia, the nation, and the world. President-Elect Ryan shares this ambitious calling. The University has a strong arts and sciences faculty, a broad range of professional schools and a strong academic medical center. From its unique student experience focused on academic rigor, honor, student self-governance, and public service, the University has constructed an unusually strong culture, academically and personally, that has engendered great loyalty and has enabled it to build the financial resources that are essential for a great university. With its financial foundation and excellent location in an increasingly prosperous part of the country, UVA has an envious array of strategic possibilities. The president intends to use every resource available in the University to enhance this distinctive academic and intellectual culture for both students and faculty. The COO will be a vital member of the leadership team, a partner to the Provost, and the steward of resources that are essential for distinction. Reporting to the President and working in close concert with the President, the Provost, the Executive Vice President for Health Affairs, and the Board of Visitors, the COO is the University’s chief administrative, business and operating officer. The COO, in conjunction with the Provost and EVP for Health Affairs, oversees the University’s financial and administrative functions, including human resources, campus services, facilities, real estate, planning and project management, information technology, emergency preparedness and public safety, and economic development. The COO is elected by the Board of Visitors on the nomination of the President and serves as an officer of the Board of Visitors. More information about the search is available at https://executivesearch.virginia.edu/search/evp-and-chief-operating-officer. The University of Virginia Search for an EVP COO Page 2 THE UNIVERSITY OF VIRGINIA The University of Virginia was founded by Thomas Jefferson in 1819 to advance human knowledge, educate leaders and cultivate an informed citizenry. Today, UVA is a diverse global community of over 45,800 students, faculty and staff. University students represent virtually every state in the U.S., and 124 countries, and our 224,000 alumni are active in support of our mission to serve the greater good. For 2018, the University was ranked the No. 3 best public university by U.S. News & World Report. In the 19 years since U.S. News began ranking public universities as a separate category, UVA has ranked in the top three and continues to rank in the Top 30 among the best of all national universities, public and private. The University of Virginia Health System is a renowned academic medical center committed to providing outstanding patient care, educating tomorrow's health care leaders and discovering new and better ways to treat disease. The University's Medical Center and its physicians continue to be recognized for their excellence in patient care, education and research. A World Treasure In 1987, UNESCO named the University (in conjunction with Monticello) a World Heritage Site. This rare distinction has been bestowed upon only the world’s most culturally significant landmarks. As a proud recipient of this honor, UVA is one of only two such sites still being used for its original purpose. Today, the original Academical Village continues to bring Jefferson's vision to life every day. The Rotunda—originally the University’s library—still serves as the heart of the University. The eastern and western sides of the Lawn retain the unique pavilions and student living quarters originally sketched by Jefferson. These buildings continue to play a major role in the University’s community, housing our most honored faculty and student leaders, living and learning together. Research Portfolio UVA was founded to question convention, to expand understanding and to harness the “useful sciences” as a means to advance society. Two centuries later, as a major research institution, we continue to uphold the ideals that made us unique among universities: our pursuit of discovery through collaboration and cross- disciplinary exploration. With core investments in strengthening our research capabilities, UVA is focusing research on intellectual and societal challenges where it can have the most impact. As part of this effort, the University is investing in several cross- disciplinary initiatives that address complex challenges – including Data Science, Environmental Resilience, Global Infectious Disease, and the Brain — that provide valuable educational and research opportunities and that generate scholarship and research with a measurable impact. These initiatives align with societal needs and create new knowledge that produces unanticipated technologies and innovative ideas. UVA was awarded $353 million in sponsored research funding in FY17. The University of Virginia Search for an EVP COO Page 3 Organization and Finance The University and its foundations have developed a formidable financial foundation with approximately $9.1 billion invested in the University of Virginia Investment Management Company’s long-term pool. The annual endowment contribution supplementing the Academic Division operating budget is approximately $192 million, equivalent to 11.2% of the budget. In 2016, the Board established a strategic investment fund by aggregating a variety of operating reserves totaling nearly $2.1 billion; approximately $100 million of investment returns annually from this fund are dedicated to transformational investments in the quality of UVA education, research and health care services. An important element of our endowment growth has been the performance of the University of Virginia Investment Management Company, which achieved an 8.5% return over the past ten years, compared to a benchmark of 5.4%. The University has also implemented a long-term financial management plan to capture operating efficiencies of $150 million over seven years, to reduce borrowing costs by refinancing outstanding indebtedness, and to aggressively manage cash, all for the purpose of generating additional funds for reinvestment in the University. This stewardship of the University’s financial resources has recently led all three major rating agencies to affirm an AAA rating for the outstanding debt. As one agency stated, “We continue to assess UVA’s enterprise and financial profile as extremely strong.” Health System The health system is led by the Executive Vice President for Health Affairs (EVPHA) directly overseeing the Medical Center, School of Medicine, University Physicians Group and Health System Library. Over the past three years, the health system leadership team has proven itself one of the most effective in the country. The health system represents more than one-half of the $3.2 billion annual operating budget and is leading the University in generating many areas of research. The health system has entered into a variety of innovative affiliations and joint ventures to expand its footprint, enabling new operating models to meet the ambitious education, research and clinical missions. More notable affiliations include a joint venture, Novant Health/UVA Health System, to provide clinical services to patients in north-central Virginia and an academic affiliation with Inova Health System, the largest health care provider in Northern Virginia, to collaborate on research, medical education and the recruitment of preeminent researchers, scientists and investigators to the Commonwealth. This partnership also contemplates an expanded presence in the Washington, D.C. region for additional academic pursuits, including engineering, graduate business, and leadership training. Global Engagement Since its inception, the University of Virginia has been an American institution with a uniquely global perspective - of UVA’s eight original faculty members, five were from outside the United States. Today, our level of engagement in the world is stronger than ever—from research initiatives designed to address key global challenges, such as our partnership with organizations like the Max Planck Society, to our presence in Shanghai and London where we’re working to internationalize The University of Virginia Search for an EVP COO Page 4 our curriculum and strengthen global partnerships; to the efforts of Darden and McIntire to deepen engagement with the global business landscape. Making a World-Class Education Accessible to All Now entering its third century, the University of Virginia offers an affordable, world-class education that is consistently ranked among the nation’s best. UVA admits talented students from across the Commonwealth, the nation and the globe, without consideration of their financial situation. UVA is one of two public universities that has
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