Hossein Sadid named vice president for business and finance at University of Richmond
July 6, 2009
Hossein Sadid, a senior American higher education financial and administration officer whose experience includes service at private and public institutions abroad, has been named University of Richmond's vice president for business and finance.
He succeeds Herbert C. Peterson, who retired June 30 after 40 years of service in the university's business office.
Sadid joins Richmond with more than 25 years of experience at Case Western Reserve University, where he most recently served as chief financial and administrative officer and special assistant to the president.
At Case Western, Sadid managed all aspects of the institution's business and finance operations, including human resources, auxiliary enterprises, facilities management, procurement and material management, occupational and environmental safety, investments and internal audit.
Sadid also held responsibility for $3 billion in total assets, an annual operating budget of $850 million, and management of a campus of 110 buildings across 130 acres.
An active and engaged member of the Cleveland community, Sadid received the Outstanding Business Executive of the Year Award from the Cleveland Community Development Consortium and the Outstanding Worksite Award from the City of Cleveland for providing summer youth employment and training programs. He also won local and national accolades for an innovative supplier diversity initiative he helped create and lead.
A certified public accountant, Sadid holds a B.A. in accounting from the Institute of Advanced Accountancy of Tehran University, and an M.B.A. with concentration in finance and accounting from Case Western.
"Hossein brings remarkably broad experience in higher education financial management and administration to the University of Richmond, along with a record of innovation and success," said Richmond President Edward L. Ayers."Equally important, he brings a collaborative, transparent leadership style to the university, and he will be a key member of the senior leadership team as we implement our strategic plan, The Richmond Promise."