December 7, 2001

DeStefano MBA '97 Appointed V.P. for Financial Affairs

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Joanne M. DeStefano MBA ’97 was appointed Vice President for Financial Affairs and University Controller yesterday. This came after her recommendation to the Executive Committee of the Cornell Board of Trustees on Nov.14 by Harold D. Craft Jr., vice president for administration and chief financial officer.

DeStefano, who joined Cornell in 1990, has worked in various University financial and controller positions. She has been Cornell’s acting Vice President since May.

“I am very pleased that Joanne was the successful candidate in the rigorous nationwide search that was conducted for this position,” said Craft.

“While in the role of the acting vice president, she demonstrated clearly that she is a skilled leader as well as a broadly experienced and knowledgeable financial professional,” Craft added.

As vice president for financial affairs and university controller, DeStefano is responsible for Cornell’s Bursar’s Office, Accounting Office, Payroll Office, Indirect Cost Office, Purchasing Office and University Policy Office.

DeStefano is also a member of the senior finance staff and, in conjunction with other administrators, is responsible for developing and monitoring university financial policy and performance.


Following graduation from Syracuse University in 1978, DeStefano worked at various companies, including Racemark International in Malta, N.Y., before coming to Cornell in 1990 as general accounting manager. She has 22 years of diversified financial management with a major research institution, Fortune 100 companies and small for-profit corporations, Craft said.

She also has experience in federal indirect cost negotiations and compliance and the development of financial and administrative policies.

“I am looking forward to the challenges that this position offers and to working with my colleagues to maintain the level of excellence that Cornell University has exhibited throughout its remarkable history,” DeStefano said.

“She will be a strong member of the University’s financial leadership. I look forward to working with her,” Craft added.

Archived article by Marc Zawel