







Rebecca Rhynhart will be joining Drexel as new Senior Vice President for Finance, Chief Money Officer (CFO) and Deputy Treasurer efficient Oct 2.

The next concept saying Drexel’s new CFO was sent to college and skilled staff.
Dear Colleagues,
I am delighted to announce that Rebecca Rhynhart will be signing up for Drexel as our new Senior Vice President for Finance, Chief Economical Officer (CFO) and Deputy Treasurer powerful Oct 2. Rebecca succeeds David Rusenko, who retired from Drexel in April 2023.
With about 20 several years of practical experience in finance and administration, Rebecca began her career on Wall Avenue prior to shifting back again to Philadelphia all through the 2008 economic downturn to function in Mayor Nutter’s administration from 2008 right up until 2015, initial as Metropolis Treasurer and then as Spending plan Director. For the duration of her tenure, the town not only recovered from the economic downturn, but also accomplished its greatest bond rating in in excess of 30 several years. She then served as Chief Administrative Officer of the metropolis in 2016, overseeing 11 city departments and capabilities with around 1,000 employees. Most not too long ago, Rebecca served as Controller for the Metropolis of Philadelphia, turning out to be the to start with female elected to that place in 2017. And as lots of of you may well know, Rebecca vacated that place in 2022 to operate for mayor in the Democratic principal held this earlier spring. She continues to be lively in civic lifestyle, serving on the area boards of Mural Arts Advocates and the Schuylkill River Progress Company. She also was not too long ago appointed by Governor Shapiro to provide on the Board of the Pennsylvania Commission of Criminal offense and Delinquency, and serves on the Advisory Council for Accelerator for The usa, an business operating to build solutions to difficulties experiencing towns throughout the United States.
Thinking about the several market place worries the University is at the moment struggling with and the strategic initiatives we have underway to meet these difficulties proactively, the CFO posture has been elevated from vice president to a senior vice president title, with improved obligation for delivering strategic fiscal leadership and direction to all Drexel campuses. Procurement Products and services and Accounts Payable will now be reporting to Rebecca, together with the offices of the Comptroller, Price range and Fiscal Scheduling, Tax Compliance, and Treasury. In addition, Rebecca will serve as Drexel’s main mergers and acquisitions (M&A) strategy officer, foremost the assessment of M&A proposals and the integration approach, as very well as all economic factors of M&A pursuits.
Out of the candidates we interviewed, Rebecca stood out for her breadth of working experience controlling financial debt, functioning and funds budgets, making certain prudent stewardship of fiscal means, and determining chances for performance and performance in a intricate firm. She managed the city’s personal debt portfolio for the duration of the deepest time period of the economic downturn, restructuring several bond offers during her tenure. As both Budget Director and Main Administrative Officer for the city, she led transformational modernization and performance initiatives to ensure suitable stewardship of taxpayer bucks. As Controller, she done complete audits and investigations to uncover inefficiencies and analyzed techniques to boost town expert services. Her shown integrity and commitment to the betterment of Philadelphia make her an particularly potent healthy for this critical leadership part at Drexel.
I want to thank the Comptroller, Price range, Tax and Treasury teams for their ongoing really hard operate, leadership and devotion to Drexel for the duration of this time of transition.
Make sure you sign up for me in welcoming Rebecca to Drexel when she joins us in Oct.
Sincerely,
Helen Y. Bowman
Govt Vice President, Treasurer and COO
