Posted 5/16/2014 08:31 am
Updated 6 months ago
Don Pederson, the University of Arkansas' vice chancellor for finance and administration, says he will retire effective June 30.
Pederson was acting vice chancellor for academic affairs in 1985 before being named to the position in 1986. He was appointed vice chancellor for finance and administration in September 1998.
In a news release, the UA said Pederson will have been the longest serving senior administrator in its history, having served as vice chancellor for 29 years.
"Don Pederson has been a key individual in the growth and development of the University of Arkansas," UA Chancellor G. David Gearhart said in a news release. "It has been his role to take the visions and plans of campus leaders and find the ways and means to make them a reality. The University of Arkansas would not be where it is now – with record enrollment, a record number of new and restored facilities, and a record budget surplus – without Don Pederson."
As vice chancellor, Pederson managed a division of 750 staff members who oversee all business and finance operations of the university, including human resources, information technology, parking and facilities.
In April, Deputy Prosecuting Attorney David G. Bercaw, investigating a shortfall at the UA's Advancement Division, found that Pederson didn't make false statements or provide false documents to the Legislative Audit Committee.
Legislators requested the investigation into the October 2012 audit after the budget shortfall came to light. For the routine audit, which came after university officials discovered the budget shortfall in June, Pederson had said he had no knowledge of fraud or suspected fraud involving management or key employees of the university's financial operations.
Investigators have found no evidence of fraud in their investigations of the shortfall. But the UA dismissed Brad Choate, who had been vice chancellor for advancement, and pledged to strengthen its internal controls.