93-12-02 Capone Named U.Va. Vice President for Management and Budget

CAPONE NAMED U.VA. VICE PRESIDENT FOR MANAGEMENT AND BUDGET

       CHARLOTTESVILLE, Va., Dec. 2 -- Colette Capone, associate
vice president and budget director at the University of Virginia,
on Wednesday (12/1) was named the University's vice president for
management and budget.
       As vice president, she will be responsible for planning and
operations of U.Va.'s academic and medical center facilities,
state and community relations, and the $875 million annual budget
of the University, its medical center, and Clinch Valley College.
She also will be a member of the cabinet that advises University
president John T. Casteen III on institutional issues.
       Capone was selected for the post, one of two vice
presidencies established last summer as part of restructuring the
University's top administration, after an extensive national
search that attracted more than 70 applicants, Casteen said.
       "Ms. Capone is well qualified to provide intelligent,
informed leadership as we deal with radically reduced state
appropriations, the need to rethink and restructure the ways we
do business, and the challenge of maintaining excellence while
moderating the costs paid by students and their families,"
Casteen said.
       "As director of the budget since 1988, and with increasing
responsibility for governmental relations since becoming
associate vice president two years ago, she has managed the
University's resources very effectively during the extremely
difficult conditions imposed by the recession in Virginia," said
Leonard W. Sandridge, executive vice president and chief
financial officer.
       Capone's new areas of responsibility were previously
assigned to Sandridge, who has assumed a greater role in the day-
to-day management of the University as the capital campaign
places increasing demands on other top administrators, including
the president.  Sandridge said the position of associate vice
president would be eliminated. 
       Capone, who joined the budget office in 1982, served as
assistant to the director from 1986 to 1988.  She came to the
University after four years as a commercial loan officer and
assistant to the regional vice president of the National State
Bank in Elizabeth, N.J.
       She earned a bachelor's degree with honors in economics at
Bucknell University in 1978 and an M.B.A. from Rutgers
University.
                                           ###
                                                                        
December 1, 1993

 
Karen Castle, Office Services Specialist, University News Office
P.O. Box 9018, Booker House, Charlottesville, VA  22906
(804) 924-7116, kac@virginia.edu

[Submitted by: Karen A. Castle  (kac@uva.pcmail.virginia.edu)
               Thu, 2 Dec 93 10:13:35 EST]