Lenoir-Rhyne University is pleased to announce the appointment of Nelson Murphy as the new vice president of business and finance.
Murphy is taking over for Senior Vice President for Administration Peter Kendall, who is retiring after 15 years of service to LR. Murphy begins his new role June 15.
Murphy joins Lenoir-Rhyne with an impressive background in finance-related leadership across the globe, including most recently as the chief financial officer for Sports Management Technology in Durham, North Carolina.
Prior to that, he spent five years as the executive vice president of finance and operations for Catawba College. In this role, he oversaw business and finance, development, enrollment, athletics, information technology, facilities and public safety for a private college with a $35-million operating budget.
"Nelson will bring an outstanding and diverse background in financial leadership to Lenoir-Rhyne, including highly regarded financial leadership at Catawba College," said LR President Dr. Fred Whitt. "While he has impressive financial leadership at large, international companies, he found a passion for work in higher education. His ability to work with a diverse group of individuals, communication skills and knowledge of the changing world of higher education will bring immense value to Lenoir-Rhyne."
A 1982 graduate of Wake Forest University, Murphy served in a variety of roles for AT&T spending time as the chief financial officer for AT&T Latin America in Miami and AT&T International out of Chicago. He was also the vice president of operations for AT&T's Europe, Middle East and Africa divisions. In 2013, Murphy accepted a position as vice president of international finance for Syniverse Technologies Inc., in Luxembourg.
He spent nine years as vice president of finance for Northrop Grumman Corporation in Chicago, where he led the business management and financial operations for the Defensive Systems Division, which generated $1.2 billion in annual revenue.
"I think the thing that excites me the most is being able is being able to get back into higher education and help out as part of a team," Murphy said. "I feel like there's a higher purpose in supporting higher education, and I'm happy to be joining LR."
"I really like the smaller, private institution environment," Murphy said. "There is a greater ability to work with a team and have an impact."Murphy and his wife, Carolyn, will be moving to Hickory in the coming weeks.