Richard G. Schott, vice president for business affairs and treasurer at Daemen College, has announced that he will retire from his leadership role, effective Dec. 31. He has held the vice president position since October 2014.
“I am thankful to have had this tremendous opportunity to serve as Daemen’s vice president for business affairs for the past three years,” said Schott. “President Gary Olson has a great administrative team in place that will continue to serve our students with excellence in all that they do.”
Schott, who has nearly 25 years of experience in higher education financial management, will retire after a highly successful three-year tenure as vice president for business affairs. Under his leadership, Daemen has instituted a new, more transparent annual budget planning process, oversaw implementation of automated college-wide budget processes, and financed renovations of the Academic and Wellness Center and other campus facilities, among other key accomplishments.
“We will miss Rick’s collegiality and collaborative spirit at Daemen,” said Olson. “He has been an exceptional colleague to us, and I extend my deepest appreciation for his commitment to our college.”
Prior to coming to Daemen, Schott was associate vice president of finance at Erie Community College, and served as director of finance and administration/treasurer at Medaille College. He has also held positions as vice president of finance at Shur-Line, Inc., and was an audit manager at Lumsden & McCormick, CPAs.
Daemen will launch a national search for a vice president for business affairs and treasurer in the coming weeks.