Ray retires as CFO after 26 years
Jerry Ray retired from Transylvania as chief financial officer in June after a 26-year tenure highlighted by excellent oversight of the financial operations of the University and significant changes in the various departments under his managerial control.
“Jerry always looked out for the University’s best interests when it came to our financial position,” said President Charles L. Shearer. “He possesses good management skills that served Transylvania well in many areas, including information technology, human resources, and the physical plant. We will miss his good counsel.”
Among the expenditures that Ray oversaw were investments in technology that transformed campus life in many areas.
“The growth of information technology during my years at Transy is something I played a direct role in and feel very good about,” Ray said. “We installed an underground fiber optic cable in the early ’90s that ran all over the campus and supported many things, including computers, the phone network, and security cameras. That backbone cable is still vibrant today.”
Ray oversaw the creation of a full-time human resources position, filled today by Jeff Mudrak. He was also responsible for helping bring Darrell Banks (physical plant director), Richard Cook (public safety director), and Jason Whitaker ’97 (IT director) to Transylvania.
“All of the people Jerry helped to bring here are exceptional employees,” said Shearer. “He always had a good perspective on the types of individuals who can best serve the University.”
Over the years, Ray was involved with members of the Board of Trustees in property acquisition that has allowed Transylvania to expand its academic and student life facilities. He also had oversight of the physical plant during an era when major new buildings and athletics fields were added to the campus.
Ray and his wife, Charlotte, are the parents of two Transylvania graduates, Kyle Ray ’03 and Allison Ray Bailey ’05. In his retirement, Ray plans to be a volunteer and perhaps do some financial work.