Katie Hammer named vice president for finance | MIT News

Katherine “Katie” Hammer, who is presently the main deputy CFO for the Metropolis of Detroit, will develop into MIT’s future vice president for finance (VPF), powerful Feb. 16. Right before transferring to Michigan, Hammer served in leading community finance roles for the Metropolis of Boston and the Commonwealth of Massachusetts.

Government Vice President and Treasurer Glen Shor introduced the appointment currently in an electronic mail to MIT school and staff members.

“With her powerful fiscal and operational skills, motivation to service, and collaborative management fashion, Katie is quite effectively-suited to get on this vital function at the Institute,” wrote Shor, who served as VPF for virtually 6 decades just before currently being elected as executive vice president and treasurer very last October.

As VPF, Hammer will oversee the shipping of monetary and administrative companies to the Institute. She will be responsible for treasury and setting up, budget, fiscal assessment, accounting, tax, insurance policies, present recording, and strategic sourcing and contracts, and economic methods, as effectively as fiscal operations, which incorporate procurement, vacation, accounts payable, service provider solutions, and payroll. The VPF also performs a critical function in guaranteeing the integrity of the Institute’s economic reporting and compliance features.

“I like the perform that MIT does equally on a worldwide scale to develop planet-changing innovations, and locally to foster a university group that welcomes associates from various backgrounds. My profession trajectory has been incredibly mission-pushed, and I see that continuing with this move to MIT,” Hammer claims.

“We’re thrilled to be coming back to Boston and rejoining the MIT local community,” adds Hammer, whose husband accomplished MIT’s Leaders in International Functions graduate application in 2017. She recollects that the program’s students and their households shaped a limited-knit team that supported each and every other and gathered for meals in every others’ households.

Hammer joined the Town of Detroit in 2017, first as deputy chief functioning officer and then as main deputy CFO. Throughout her tenure, she was a lead member of the staff that developed and executed a money roadmap to tackle the city’s pandemic-pushed earnings shortfalls even though protecting significant services for citizens. She also led a strategy to protected and improve use of more than $300 million in federal stimulus to help Covid-19 screening, situation investigation, protection on general public transportation, own protecting machines, facility sanitization, general public safety hazard pay back, and other community overall health and safety activities in response to the pandemic.

From 2015 to 2017, Hammer was the spending plan director for the Metropolis of Boston, wherever she led development and implementation of a $3 billion functioning spending budget and a $2 billion cash spending budget. People budgets bundled qualified investments to advance early schooling, extend the school day for pupils, decrease homelessness, and make improvements to public protection, alongside with considerate reforms to attain city office price savings and enhance utilization of present funds.

She also served in the Commonwealth of Massachusetts’s Government Office of Administration and Finance during the Deval Patrick administration, in which she labored in quite a few administration and finance roles which includes assistant secretary for administration, main of staff, and assistant spending plan director for cash scheduling. 

Hammer holds a bachelor’s diploma in political science and economics from Washington University in St. Louis and a master’s diploma in community affairs from Princeton College. She will be relocating this spring to Boston with her partner Michael and two daughters, ages 2.5 several years and 11 months.

“I’m so hunting forward to conference the VPF staff, mastering from them, growing together, and discovering options to continue to support the priorities and objectives of the Institute,” she suggests.