David Spalding, Rick Sanders named to interim leadership roles

President Wendy Wintersteen has appointed David Spalding to serve as interim senior vice president for operations and finance, effective July 1, pending approval by the state Board of Regents.

Spalding will assume the interim role from Heather Paris, who is returning to her permanent position as associate vice president for finance services.

"Heather has provided strong leadership in this interim role and remains a key member of the division's leadership team and a valuable resource for the university in all respects of finance," Wintersteen said. "This decision is timed to enable Heather to devote herself full time to the critically important finance role as we begin the new fiscal year."

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David Spalding

Spalding will retain his role as Raisbeck Endowed Dean of the Ivy College of Business and temporarily leave his post as vice president for economic development and industry relations. Rick Sanders, president of the ISU Research Park, will take over as interim vice president on July 1.

"I appreciate that David and Rick have agreed to take on these interim roles until a new senior vice president for operations and finance is in place in the coming months," Wintersteen said. "I know David will do an excellent job helping the division navigate this transition as they continue providing critical services that support the university's financial and daily operations. Rick will help our economic development and industry relations team maintain its momentum to support business and industry and generate economic growth."

Spalding, who is a professor of finance, spent the first 29 years of his career in banking and investing, holding positions with Chase Manhattan Bank, First National Bank of Chicago, GE Capital Corporate Finance Group, Lehman Brothers and the Cypress Group, a private equity firm he co-founded and co-managed.

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Rick Sanders

Sanders has led the ISU Research Park since 2019. Previously, he served three elected terms on the Story County Board of Supervisors where he was part of the National Association of Counties' International Economic Development task force and the Central Iowa Workforce Development Board.

The search for a new senior vice president for operations and finance is progressing. The search committee, chaired by Jason Henderson, is working with the Academic Search firm to identify high-quality candidates. Campus interviews are anticipated to be held in mid-July.