HFCC hires new VP of finance

Times-Herald Newspapers

DEARBORN — Henry Ford Community College appointed John S. Satkowski as the vice president of Financial Services to oversee all financial activities and functions at the college.

The college announced the decision July 30, but Satkowski officially joined the college on July 16.

Satkowski is a 22-year veteran of higher education, with nine years of work at the Medical College of Ohio (now the University of Toledo Medical Center), seven years at the University of Toledo and six years at Owens Community College in Toledo.

During that time he held various positions including budget director, associate vice president for Academic Finances/Operations and executive vice president of Finance and Operations.

Prior to working in education, he spent 15 years working for Arthur Anderson & Company and later at Ernst & Young. He specialized in information technology system design and implementation and frequently met with middle and upper management to present options for improving operations through the use of computer systems.

In all, Satkowski has over 36 years of experience in upper management positions both in the private sector and higher education.

Satkowski said that HFCC “has enjoyed an exceptional reputation in the higher education industry” and that its “brand of education is perhaps one of the best among community colleges.”

“I am very happy to be at HFCC,” Satkowski said.

In a release announcing the new appointment, Satkowski stated that some of his long- and short-term goals at the college were to develop an integrated and transparent budgeting process aligned with the college’s strategic development process, work with greater numbers of staff and faculty to aid in building an appropriate college budget and ensure that all “budgeting and and financial operations support student services and college operations.”

HFCC President Stan Jensen said the appointment is “an important step forward” for the college.

“John brings a tremendous wealth of experience to his position, and truly cares for the students and people he works with,” Jensen said. “He has an exceptional reputation in the financial services industry and the college will benefit greatly from his expertise for many, many years.”

The appointment comes as HFCC is working its way out of a $6.5 million budget shortfall for the current fiscal year. The actual shortfall is $16.6 million, but through a combination of cuts, re-configuring of programs and revenue increases such as tuition hikes the college can remove $10.17 million from that total.

The college has made several moves in the last two months to increase revenue while reducing expenditures, including implementing a tuition amnesty program for former students who owe the college money, shutting down the Lifelong Learning program and laying off administrators. The college is also placing a proposal for a 1 mill increase on the November ballot.

(Bob Oliver can be reached at boliver@bewickpublications.com.)