Posted: 5/28/04
Baylor CFO announces plans to leave
university, return to private business
WACO–David Brooks, vice president for finance and administration at Baylor University, has announced plans to leave the school at the end of July to return to private business.
Brooks, who was named to the chief financial officer position in August 2000, came to the university from a career in banking, real estate development and investments.
He will resume a more active role in McKinney-based Independent Bank Group, of which he is founding chairman.
| David Brooks |
Additionally, Brooks intends to make investments in Central Texas, including a banking opportunity in the near future.
“I am profoundly grateful to David Brooks for temporarily suspending his leadership of a very successful business enterprise four years ago to come help his alma mater prepare for and navigate one of the most significant financial transitions in Baylor's history,” Baylor President Robert Sloan said.
“I believe his contributions in this important arena, while appreciated by many today, will be recognized by even more Baylor constituents in the future for the role they have played in moving this university forward.”
Reagan Ramsower, associate vice president, chief information officer and dean of libraries, will provide interim leadership for the finance and administration division while a national search for a new chief financial officer is conducted, Sloan said.
Brooks, 45, has been principal architect of the financial model associated with Baylor 2012, the university's controversial 10-year vision to position the institution among America's top 50 universities.
During his tenure as chief financial officer, Brooks led Baylor to take control of the investment and management of its endowment, which had been outsourced for more than 50 years.
He also oversaw the largest construction and campus expansion in the university's history.
“When I came to Baylor, I felt called to serve the cause of Christian higher education,” said Brooks, a former mission pastor.
"It has been one of the most fulfilling periods of my career. Our family has thoroughly enjoyed living in Waco, and we plan to keep our residence here. "I also look forward to remaining active in my support of Baylor University and President Sloan."
A 1980 graduate of Baylor's Hankamer School of Business, Brooks also holds a master of business administration degree from the university.
He and his wife, Carolyn, a certified public accountant and 1981 Baylor graduate, have two children, Ryan, 16, and Reece, 14.
They are members of Harris Creek Baptist Church in McGregor.
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