Pace University picks former Ernst & Young partner for CFO position

Pace University has selected Robert C. Almon, a former principal of Ernst & Young LLP, as its executive vice president for finance and planning, and chief financial officer.

"Bob Almon has more than 30 years of experience and a solid track record in creating strategic solutions to improve long-term financial performance," said Pace President Stephen J. Friedman.

Since 2009, Almon has served as the independent trustee of GMAC Common Equity Trust I with absolute discretion to manage approximately 10 percent of the common equity interests of GMAC held by the Trust for the benefit of General Motors Company as sole beneficiary. In 2008, he was elected a director of Lorillard, Inc. and serves as a member of its Audit and Compensation Committees. Almon has particular knowledge of and extensive experience in strategic consulting, capital structure, finance, and risk management.

Almon joined Ernst & Young LLP in 1997, where he established, and served as the National Director of, the Center for Strategic Transactions, a strategy consulting practice focused on enhancing shareholder value; he subsequently served on Ernst & Young's Partner Advisory Council. Before 1997, Almon was a Managing Director in Corporate Finance at Salomon Brothers (now Citigroup) and previously at Lehman Brothers, specializing in strategic advice within the transportation and logistics sectors.

Almon began his career at General Motors Corporation in its New York Treasurer's Office and was promoted to vice president of General Motors Acceptance Corporation, where he was responsible for worldwide funding, planning, liability management, investor relations, treasury and cash management.

Almon earned an M.B.A. from Harvard Business School and an A.B. from Brown University. He is a member of the National Association of Corporate Directors and the Brown Annual Fund Leadership Council. He intends to retain his positions with GMAC Common Equity Trust I and Lorillard.

About Pace University:

For 104 years Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor's, master's, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. 

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