UA CFO steps down as university navigates ‘financial crisis’

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University of Arizona President Robert Robbins.

The University of Arizona’s chief financial officer is leaving her position one month after leadership publicly announced they were experiencing immediate cashflow issues.

UA President Robert Robbins on Wednesday announced that he has accepted the resignation of Lisa Rulney, the now former CFO and senior vice president for business affairs. The transition comes as officials work to solve their financial stressors with just 97 days of cash on hand estimated by the end of the fiscal year. 

“I want to acknowledge Lisa for her work and dedication to this great university over the past 22 years,” Robbins said in a special meeting with the Arizona Board of Regents on Wednesday. In the interim, Executive Director John Arnold will serve as CFO and senior vice president for business affairs.

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