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March 26, 2010
FOR IMMEDIATE RELEASE
Murphrey Named Vice President for Finance of the University of North Carolina
CHAPEL HILL – Ernest G. Murphrey, associate vice chancellor for financial services at North Carolina State University, has been named vice president for finance of the multi-campus University of North Carolina. The appointment, effective April 5, was announced today by UNC President Erskine Bowles. Murphrey succeeds Robert O. Nelson, who is retiring after a 31-year career in state government.
As the University’s chief financial officer, Murphrey will act for UNC’s president in all matters of University finance, overseeing a budget totaling $7.4 billion. He will also provide ongoing staff support to the UNC Board of Governors’ Committee on Budget and Finance; work closely with the Board, the President, and other senior staff members to develop University policies and programs; and help represent the University before various legislative and government groups.
Murphrey brings to the job more than three decades of university experience at both the campus and system levels. In his current position, Murphrey oversees NC State’s Financial Services Division and has been responsible for leading major campus efforts to improve administrative processes, policies, and procedures. Prior to joining NC State in 2001, he served for nearly four years as vice chancellor for business and finance at Elizabeth City State University, where he achieved significant improvements in budgeting, accounting, facilities, and purchasing practices. Earlier in his career, he held financial management positions at UNC-Chapel Hill (1978-81), NC State (1981-89), the Board of Regents for the University System of Georgia (1989-93) and the Georgia Institute of Technology (1993-97). Murphrey holds undergraduate and master’s degrees in business administration from the University of North Carolina at Chapel Hill.
The oldest public university in the nation, the University of North Carolina enrolls more than 222,000 students and encompasses all 16 of North Carolina’s public institutions that grant baccalaureate degrees, as well as the NC School of Science and Mathematics, the nation’s first public residential high school for gifted students. UNC campuses support a broad array of distinguished liberal-arts programs, two medical schools and one teaching hospital, two law schools, a veterinary school, a school of pharmacy, 11 nursing programs, 15 schools of education, three schools of engineering, and a specialized school for performing artists. The