2-21-18

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The Pitt News

The independent student newspaper of the University of Pittsburgh | PIttnews.com | February 21, 2018 | Volume 108 | Issue 116

PITT CFO RAMICONE TO RETIRE John Hamilton Managing Editor Pitt’s chief financial officer and senior vice chancellor, Arthur Ramicone, will retire in August after a 30-year career at Pitt, the University announced Tuesday. Ramicone, 64, is the second senior vice chancellor who will step down in 2018, following Provost Patricia Beeson’s announcement that she will leave her post next fall. Ramicone began his Pitt career in 1988 as an internal audit manager. He became CFO in 1996 and was appointed to also serve as senior vice chancellor in 2015. “He is a leader known for his honesty, integrity and sense of humor — and for bringing great teams together to tackle the right challenges,” Chancellor Patrick Gallagher said in a press release. “As a result, the University finds itself in an enviable position of exceptional financial strength.” Pitt’s press release credited Ramicone with implementing cost-saving methods and strengthening Pitt’s bond ratings. Ramicone also oversees Pitt’s $3.52 billion endowment — the 26th largest in the country — which has increased from about $660 million when Ramicone became CFO. The Office of Finance manages the endowment with oversight from the Board of Trustees. The investment pool has come under scrutiny recently with student organizations pushing the Board of Trustees to divest the $26 million Pitt has invested in the fossil fuel industry. As CFO, Ramicone is responsible for 14 departments, including payroll and risk management. His 2015 salary was $457,543.

Maggie Kennedy celebrates with her slate after winning the election for SGB president Tuesday night. Thomas Yang VISUAL EDITOR

Looking to the Horizon: Kennedy wins SGB Presidency

The Pitt News Staff

Maggie Kennedy couldn’t stop smiling Tuesday night after hearing she received 56 percent of the vote to secure the Student Government Board presidency for next year. Kennedy, a junior political science and communication major running on the Horizon slate, received 1,889 votes to defeat junior marketing major Saket Rajprohat for the position. Compared to last year’s almost 29 percent voter turnout with three presidential candidates, this year saw just 18 percent of the student body cast votes — a decrease to 3,481 students from last year’s 5,177. But Kennedy said both slates with presidential candidates — Horizon and Neighbors — worked hard to ensure students knew their respective platforms leading up to the election.

“I don’t know if it’s really sunk in yet but it’s surreal and I’m so grateful,” Kennedy said. “Now, my main priority is revamping orientation to [get] education about sexual violence and cultural competency into the curriculum to make our students better members of the community.” Current SGB President Max Kneis tried to move through allocations requests quickly during Tuesday night’s weekly public meeting after accepting a motion to bypass board reports from then-board member candidate and current Allocations Chair Cory Stillman. The room was packed with candidates and supporters awaiting the results of the annual election. Delaney Regan, a junior psychology and English writing major, served as the campaign manager for the Horizon slate and said she voted for all Horizon candidates.

“I’m very happy with the results, we’re all very pleased,” she said. “I wasn’t very worried, I’m just very proud of all of them.” Jahari Mercer, a junior industrial engineering major, was overjoyed and cried triumphantly upon hearing he received 1,265 votes — more than any other board candidate — meaning he will serve as executive vice president next year. He then stepped aside to call his parents and deliver the good news. “It’s just gonna be great to give a voice to the student population,” he said. “It’s our job to amplify student voices, and I’m really excited to be able to do that.” Jessa Chong, a sophomore political science and communication major, received the second highest number of votes with 1,137. Junior See Kennedy on page 4


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