Executive Vice President and University Provost Gerry Bradley addressed ongoing dean searches.  

• Semifinalist interviews for the dean of the College of Business concluded in February. Campus visits with four candidates began in mid-March. The search is expected to conclude by summer 2025.
• The dean search for the School of Dentistry is active and expected to conclude by summer 2025.
• Teresa Reed, dean of the School of Music since 2019, will step down in summer 2025 to return to a faculty position. Provost unit meetings on next steps were held in January and February. Associate Dean Krista Wallace-Boaz will serve as interim dean.

Bradley also provided an update on the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) reaffirmation of the accreditation process. Committee meetings have begun, with the application due in fall 2026 and site visits scheduled for March 2026.

Aaron LeMay, the newly appointed executive vice president for finance and administration and chief financial officer, reported on capital projects and budget development.

Both the steam/chilled water plant modernization project and the HVAC upgrade in the Chemistry Building are underway, on schedule and within budget.  

LeMay said that “tuition and fees are exceeding the expected budget” because of continued record enrollment. The university’s liquid cash exceeds prior years due to budget, investment and asset management. Current liquid assets are more than $10 million greater than financials for fiscal year 2024 at this same time, and nearly $40 million greater than March of fiscal year 2023.

UofL’s CFO said he and his team are exploring new strategies that will continue to boost the university’s financial performance.

The University of Louisville Research Foundation and Board of Trustees will meet April 17, 2025. Agenda items and meeting minutes are available on the university’s .

LeMay’s hiring follows a national search and was approved today by the UofL Board of Trustees. He is expected to start March 1.

“Aaron is a rare find,” said UofL President Kim Schatzel. “We had a very deep pool of qualified candidates, but his combination of work with both major research universities and well-respected health care systems set him apart as the top choice. We look forward to his joining our great team at UofL, and we expect his future here to be very bright.”

Currently, LeMay is serving as an independent consultant for health care and higher education institutions with his own firm, LeMay Consulting, in Houston. His most recent positions were at the University of Texas Medical Branch, where he served as the special advisor to the president, interim chief business and finance officer and vice president, financial accounting and reporting.

During his time at UTMB, he provided strategic leadership to various key operations, including revenue cycle, business operations, facility, information technology services, supply chain, procurement, budget, forecasting, capital planning, controller, risk management and treasury.

Prior to joining UTMB, LeMay was associate vice chancellor for finance and system controller for the University of North Texas System in Denton, Texas. He also has held various positions at Sam Houston State University, Rice University and Baylor University, all in Texas.

LeMay is a Texas Certified Public Accountant and member of the State Bar of Texas. He holds a law degree from South Texas College of Law, a master’s in education from Baylor and a bachelor’s with honors from Ouachita Baptist University in Arkadelphia, Arkansas.

“Joining the UofL team under President Schatzel’s leadership enables me to be part of a tradition of excellence and gives me an opportunity to help build an exciting future for this storied institution,” LeMay said. “I am excited to be part of a community that is working together to improve student success, the level of collaboration among operations and workforce development. I look forward to working with the finance and administration team to build upon an already strong foundation.”