Ritu Kalra Named Harvard’s CFO
NEW YORK, NY (IANS) – Ritu Kalra, an investment banking and financial management expert, has been appointed as Harvard University’s vice president for finance and chief financial officer. Currently serving as Harvard’s assistant vice president of finance and treasury and special projects adviser, Kalra will assume her new role in July.
In this position, she will oversee various financial management aspects, including long-term planning, annual budgeting, endowment fund spending policy, treasury operations, and financial accounting and reporting. Leading multiple financial departments with a workforce of over 200 employees, Kalra will play a crucial role in Harvard’s financial stewardship.
Kalra’s experience at Goldman Sachs, where she worked for 18 years and held progressive roles, including managing director, has equipped her well for this position.
During her career, Kalra has advised the state of California in establishing a $21 billion fund to mitigate the impact of wildfires, led the restructuring of the Long Island Power Authority after Hurricane Sandy, and created debt financing strategies that utilized philanthropic capital for land and forest conservation nationwide.
Kalra holds a Bachelor of Science in economics, summa cum laude, from The Wharton School of the University of Pennsylvania, and a master’s degree in journalism with a concentration in business and economic reporting from the New York University Graduate School of Arts and Sciences.