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Amherst College > News & Events > Amherst Magazine > Archives > Spring 2002 > College Row
College Row

Shea is named treasurer

Peter Shea, Amherst's associate treasurer and budget director, was named treasurer of the college on March 2. Shea had served as acting treasurer since March 2001, when Sharon G. Siegel announced she was leaving the treasurer's post after 10 years to pursue other opportunities.

Shea worked for seven years at Coopers & Lybrand before coming to Amherst as associate comptroller and assistant treasurer in 1987. In his 15 years at Amherst he has assumed increasing responsibilities within the treasurer's office; he was promoted to comptroller and assistant treasurer in 1988 and became associate treasurer and budget director in 1998.

As treasurer Shea will oversee all aspects of financial management and budgeting for the college, including the endowment and other investments. The offices of comptroller, dining services, facilities planning and management, human resources, administrative services and rental housing report to the treasurer. The treasurer also oversees the financial operations for the Folger Shakespeare Library in Washington, D.C.

In welcoming the appointment, President Gerety said, "In his many years at Amherst, Peter has been a generous, devoted and always wise colleague. I'm delighted that at the end of a long and thorough process the search committee and Trustees recognized a strong candidate who has given most of his professional life to Amherst and who knows the college—and our town—inside and out."

A resident of Amherst for nearly 30 years, Shea has been active in local affairs, serving as a member of Town Meeting, a trustee of the Jones Library, and as the college's liaison to the town government. He has been a member of the Funds Distribution Panel of the United Way of Massachusetts for the past seven years and has served on the board of directors of theWoodside Children's Center since 1991.

Shea is a cum laude graduate of the University of Massachusetts, where he also earned a master's degree in business administration. He also is a certified public accountant.

Next: New director at Folger >>

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