STAFF AWARD: Ainslie named CFO of the Year by NJBIZ

By Emily Aronson, Office of Communications on Oct. 20, 2016, 2:26 p.m.

Carolyn Ainslie, Princeton University's vice president for finance and treasurer, has been recognized as a chief financial officer (CFO) of the year in New Jersey. The annual honor is given by New Jersey's leading business journal NJBIZ, and recognizes financial executives at all levels who contribute to their organizations' successes and to the growth of the state's economy.

Ainslie was given the 2016 CFO of the Year Award for large nonprofit organizations in the state. The University is one of Mercer County's largest private employers. Ainslie is responsible for the efficient operation of the University's financial operations and provides leadership for University-wide initiatives. In 2015, she launched an overhaul of financial systems in order to more effectively manage the University's $1.9 billion operating budget.

Under her leadership, the Office of Finance and Treasury manages an annual payroll of about $600 million for more than 6,900 employees, including 5,000 employees who live in New Jersey; an annual purchasing program that includes $250 million spent in New Jersey; and $450 million in annual research expenditures for Princeton University and the Princeton Plasma Physics Laboratory.

Ainslie was recognized with other winners at ceremony sponsored by NJBIZ on Oct. 14.

"I am honored to be recognized by NJBIZ and to serve as CFO in support of the University mission of teaching, research and service," she said.

Ainslie came to Princeton in 2008. She previously was vice president for planning and budget at Cornell University.
 

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