AUSTIN, Texas—Kevin P. Hegarty, vice president and chief financial officer at Dell Financial Services since February 2000, has been appointed vice president and chief financial officer at The University of Texas at Austin.
Hegarty, 46, will succeed G. Charles Franklin, senior vice president and chief financial officer, who is retiring after 26 years at the university.
He will have responsibility for management of the university’s financial operations, its business contracts and processes, and the management of its financial portfolio. He will assume his new position on Oct. 8.
"I am extremely pleased to have concluded our national search with a professional who brings to the university vast experience and knowledge, strong management skills and a corporate vision on how financial policies and initiatives can advance the university," said Larry R. Faulkner, president of The University of Texas at Austin.
Hegarty joined Dell Computer in 1997 as vice president and corporate controller after seven years as senior vice president and company controller at Associates First Capital of Dallas. From 1984-90, he was controller and senior group financial manager at the Trammell Crow Company of Dallas. He began his professional career as an accountant at PriceWaterhouseCoopers.
"I’m excited about joining the university, and I’m committed to the game plan Larry Faulkner has put in place for his administration," Hegarty said. "I’ve been energized by the enthusiasm of the administrative team members I’ve met. The university has changed so many lives for the better, including my own. This is an opportunity to get involved in its important mission."
Hegarty earned a bachelor’s degree in business administration in 1977 and a master’s degree in professional accounting in 1979 from The University of Texas at Austin.
He and his wife, Betty, have two sons, Austin, 15, and Sean, 13.