AUSTIN, Texas—Dr. Larry R. Faulkner, president of The University of Texas at Austin, announced today the retirement of Senior Vice President and Chief Financial Officer G. Charles Franklin, effective at the end of August.
Franklin first worked at UT Austin as business manager from 1969-71, and then went to other UT System components for several years until he was appointed vice president for administrative services at UT Austin in 1979. In 1980, his title changed to vice president for business affairs, and in spring 2000, he was named senior vice president and chief financial officer.
Faulkner said Franklin has twice previously expressed the wish to retire, and both times he was successful in persuading Franklin to remain.
"This time I have not been able to do the same," Faulkner said. "With a genuine sense of regret, I accept his decision. With a clear understanding that he has amply earned the right to retire, I wish him the best of satisfaction in the future.
"There are few people in the history of the University who have served it so faithfully, for so long, in such a demanding capacity," said Faulkner. "Never in the period that I have known him have I seen Charles put any consideration above the best interest of this institution. I am deeply grateful for his commitment and for his personal support. He has been through many chapters of the University’s history, and we are all in debt to him."
Franklin said, "The University is a premier institution and plays a vital role in the life of the state of Texas. Serving as a UT Austin vice president for so many years has been a very special privilege."
In a note to Faulkner, Franklin commented, "Finishing my term under your leadership, at a time when I know the University is in good hands, could not possibly be more satisfying."