July 14, 2024

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Katie Hammer named vice president for finance | MIT News

3 min read

Katherine “Katie” Hammer, who is presently the main deputy CFO for the City of Detroit, will become MIT’s up coming vice president for finance (VPF), productive Feb. 16. Just before relocating to Michigan, Hammer served in primary public finance roles for the City of Boston and the Commonwealth of Massachusetts.

Government Vice President and Treasurer Glen Shor declared the appointment now in an e-mail to MIT college and staff.

“With her solid money and operational capabilities, dedication to provider, and collaborative leadership fashion, Katie is pretty well-suited to take on this crucial job at the Institute,” wrote Shor, who served as VPF for nearly six a long time ahead of staying elected as executive vice president and treasurer final Oct.

As VPF, Hammer will oversee the supply of monetary and administrative expert services to the Institute. She will be accountable for treasury and planning, budget, fiscal evaluation, accounting, tax, insurance plan, reward recording, and strategic sourcing and contracts, and money devices, as well as economical operations, which include procurement, travel, accounts payable, merchant solutions, and payroll. The VPF also plays a vital purpose in making sure the integrity of the Institute’s economical reporting and compliance functions.

“I enjoy the operate that MIT does the two on a world-wide scale to acquire environment-shifting improvements, and regionally to foster a university community that welcomes customers from assorted backgrounds. My career trajectory has been quite mission-driven, and I see that continuing with this shift to MIT,” Hammer claims.

“We’re thrilled to be coming back to Boston and rejoining the MIT neighborhood,” provides Hammer, whose spouse done MIT’s Leaders in World wide Operations graduate program in 2017. She remembers that the program’s college students and their households formed a limited-knit team that supported every single other and gathered for meals in each and every others’ properties.

Hammer joined the Town of Detroit in 2017, initial as deputy main running officer and then as main deputy CFO. Throughout her tenure, she was a guide member of the staff that made and executed a money roadmap to handle the city’s pandemic-pushed earnings shortfalls while sustaining important products and services for inhabitants. She also led a system to safe and increase use of above $300 million in federal stimulus to assist Covid-19 testing, scenario investigation, protection on public transportation, individual protecting tools, facility sanitization, general public basic safety hazard spend, and other public wellbeing and basic safety functions in reaction to the pandemic.

From 2015 to 2017, Hammer was the budget director for the Metropolis of Boston, exactly where she led advancement and implementation of a $3 billion operating spending budget and a $2 billion capital price range. These budgets bundled focused investments to progress early training, increase the university working day for students, reduce homelessness, and increase general public basic safety, along with thoughtful reforms to obtain metropolis division price savings and boost utilization of current money.

She also served in the Commonwealth of Massachusetts’s Executive Business of Administration and Finance all through the Deval Patrick administration, where by she labored in various administration and finance roles together with assistant secretary for administration, main of team, and assistant budget director for funds preparing. 

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

“I’m so seeking forward to conference the VPF crew, discovering from them, growing together, and discovering possibilities to proceed to assist the priorities and ambitions of the Institute,” she says.

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