The Office of the Vice President for Finance announces the promotion of two leaders to associate vice president roles.
Timothy Hodge has been promoted to associate vice president for budget and financial planning, and Robert Broyden has been elevated to associate vice president for capital assets and financial management.
“We are thrilled to have outstanding leaders like Tim and Bob guiding our financial planning and management as we prepare to embrace future opportunities and challenges.” said M. Dwight Shelton, interim senior vice president for operations and administration. “Their significant experience and impeccable credentials are matched only by their commitment to serving this university; they embody so clearly the spirit of Ut Prosim (That I May Serve).”
Hodge will continue to provide leadership in identifying, obtaining and allocating the resources needed to achieve the university’s mission, goals and objectives. In addition to overseeing the Office of Budget and Financial Planning, Hodge will also provide strategic financial guidance and direction for a host of university strategic initiatives, including integration of the Virginia Tech Carilion School of Medicine as the university’s ninth college, participation in state-level committees, and various university-level stakeholder committees to advance Virginia Tech priorities.
Before coming to Virginia Tech nearly 25 years ago, Hodge worked in the banking and insurance industries as an actuarial mathematician and became a fellow of the Life Management Institute. He holds a bachelor’s degree in finance and an MBA, both from Virginia Tech.
“I enjoy collaborating with both our campus thought leaders and the excellent team in the Office of Budget and Financial Planning to identify and create innovative solutions to help advance our common goals,” Hodge said. “I believe Virginia Tech is well positioned for the challenges facing higher education and that the university is on a trajectory to continue to advance.”
Broyden is responsible for developing the university’s capital outlay plan. He works with state policymakers to secure resources for the university capital goals and objectives, debt capacity planning and allocation, and develops creative financing solutions to advance the capital outlay program.
In his continued leadership of the Office of Capital Assets and Financial Management, Broyden oversees continuous improvement of finance and administrative processes through policy, training, and advisory programs. His responsibilities also include business analysis and planning for university operations, as well as organizational efficiency analytics and recommendations.
During 2018, Broyden is also leading an effort to establish data analytics capabilities by studying university administrative processes and participating in two external data analytics studies. He will utilize the information from this work to inform the university about opportunities to increase operational efficiencies and identify areas for cost containment.
“I am thrilled for the opportunity to continue my career with Virginia Tech and to continue working in roles that help support the aspirations of our students, faculty, and staff of this wonderful community,” Broyden said. “The best part of Virginia Tech for me are the many terrific colleagues I work with every day, and the sense of accomplishment we share as new initiatives move forward. The university is exploring the many new opportunities, which are both challenging and exciting, and I look forward to being part of the team to help translate the ideas to actions.”
Prior to his career with Virginia Tech, which has also lasted 25 years, Broyden worked in health care consulting and planning with Johnson & Johnson. He earned his bachelor’s and master’s degrees from Virginia Tech.
“It is an exciting time for Virginia Tech with VT Carilion School of Medicine coming on board as our ninth college, expanding access to more students, and strategic growth in the National Capital Region,” Shelton said. “These opportunities, coupled with the challenges from federal and state budget uncertainties and diversification of resources, present some significant questions about how to best serve our students, faculty, and community. I look forward to tackling these issues alongside Tim and Bob.”