Indiana's budget director, Jason Dudich, is leaving the state to join the University of Indianapolis at the end of May.
Dudich will serve as the private, not-for-profit university’s vice president, chief financial officer and treasurer beginning in June. The university is rated BBB-plus by S&P Global Ratings.
Dudich will be in charge of the university’s financial administration and will manage its relationships with bond rating agencies and lenders as well as its real estate portfolio, and various third-party relationships with outsourced investment managers for endowed assets.
“His expertise is particularly relevant to the University’s focus on further aligning strategies with institutional vision while addressing the challenges facing higher education,” Robert L. Manuel, the university's president, said in a statement.
Private and public universities across the U.S. and in the Midwest in particular have struggled with enrollment and revenue in recent years. S&P said in May that the University of Indianapolis had reversed an enrollment decline over the previous two years.
In 2014, the university approved a five-year, $50 million development plan that included the expansion of programs, scholarships, facilities, and fundraising to enhance the university's market strength and reputation.
Dudich will continue in his current role through the conclusion of the legislative session and depart Gov. Eric Holcomb's administration in mid-May. A spokesperson for Holcomb said that state was in the review process of selecting a new candidate to replace Dudich but declined to say who was in the running for the position.
Holcomb appointed Dudich in 2017. The governor said in a release the outgoing budget director "is an enthusiastic problem-solver."
Dudich has also served chief of staff for former Indianapolis Mayor Gregory Ballard. Before that, he served as the city’s controller.
