Mariann Byerwalter, vice president for business affairs and chief financial officer, will step down June 30 but remain at Stanford serving as part-time adviser to the president for a one-year period, President Gerhard Casper announced Tuesday.
"Mariann has been the best CFO and vice president for business affairs that we could possibly have had. Her business experience, her ability to manage a large, complicated organization and her skill in the oversight of complex business arrangements and contract negotiations brought us an acumen that is rare," Casper said. "I deeply appreciate her courage as a leader and the many contributions she has made to Stanford."
Peggy Hiraoka, director of human resources, said, "Mariann will be difficult to replace because she has such a wide variety of skills and expertise." She said a search committee will look for similar qualities in the next CFO.
Byerwalter will chair the search committee. Other members are Hiraoka; Stanford Business School Professors Charles Holloway and George Parker; Acting General Counsel Debra Zumwalt; and investment manager John Scully. Nominations should be directed to phiraoka@stanford.
Byerwalter, who assumed the CFO position in February 1996, said she has not finalized her future plans but intends to return to the private sector. Previously, she cofounded a company that purchased failed banks from the government and returned them to profitability. After purchasing EurekaBank, she assumed the roles of chief operating officer and chief financial officer of America First Eureka Holdings and chief financial officer of EurekaBank.
"I want to evaluate a range of options once I reduce my full-time commitment," she said. "In addition to my part-time work for the president, my future activities will include continued participation on several corporate and nonprofit boards, including the board of the Stanford Hospital and Clinics."
Byerwalter has a long association with Stanford, serving as one of Stanford's student body presidents in 1982. Later, she chaired the Stanford Alumni Association's Board of Directors and was a member of the Board of Trustees before she assumed the CFO position.
As vice president and CFO, she has tackled a variety of challenges, including establishing financial policies such as one governing the university's use of debt. Under her watch, Stanford issued or refinanced $600 million in debt, restructuring to capture low interest rates and to finance the university's capital plan and Sand Hill Road construction.
In addition, she has managed several significant contract negotiations including labor talks, SRI and SLAC. She also negotiated the business and financial aspects of the health care merger with the University of California-San Francisco and its subsequent dissolution.
Byerwalter has overseen complex
university reorganizations, including bringing together all aspects
of research administration and the restructuring of campus-wide
human resources. She also has overseen information technology,
including the development and implementation of new administrative
computing systems. SR