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Resignation of Jeremy Alltop from NKU

Jeremy Alltop, the vice president for Administration and Finance/Chief Financial Officer and Treasurer at NKU, has recently announced his resignation from his position effective January 2, 2024. This announcement was made by the Office of the President on October 30.

According to the email announcement, Alltop intends to leave the field of higher education and pursue other opportunities. This decision marks the end of his tenure at NKU, which began in July 2022.

During his time at NKU, Alltop faced challenges, including the revelation of a budget deficit in October 2022, of which he claimed no prior knowledge. In November 2022, he also became a finalist for the vice president of finance position at Central Michigan University. The outcome of this candidacy remains unknown, but Alltop continued to serve at NKU for the 2022-23 academic year.

In the announcement, President Cady Short-Thompson expressed her gratitude to Alltop for his leadership in addressing the deficit and managing a reduction of more than $15 million within a short timeframe.

A confidential employment retention agreement was signed by Alltop and Board of Regents Chair Rich Boehne on January 17, 2023. The agreement aimed to incentivize Alltop to remain at NKU until January 2025 by providing a $25,000 retention bonus and a $25,000 annual compensation increase on top of his $250,000 salary. Similar retention agreements were also offered to five other NKU administrators.

In preparation for Alltop’s departure, Karen Mefford, associate vice president of Financial Services in the Comptroller’s Office, has been appointed as the interim CFO. Additionally, Andy Meeks, the Director of Business Operations, will temporarily assume the role of interim assistant vice president of Business Operations, overseeing the Campus Recreation Center and University Housing.

Barry Kienzle, an NKU alumnus with previous experience as the CFO of Paul Hemmer Companies and president of the NKU Foundation, will serve as the interim vice president of Administration and Finance. He will provide oversight for the CFO and leaders in the departments of Human Resources, IT, Facilities, and University Police, effective immediately.

Alltop’s departure follows the resignation of former Vice President of Student Affairs, Dr. Eddie Howard, in May 2023. After Howard stepped down, Alltop took on additional responsibilities, including the supervision of Campus Rec, University Housing, Health Services, and University Police, as announced by Vice President and Chief Strategy Officer Bonita Brown in a mass email.

Brown will chair the search committee to find a new CFO/VP of Administration and Finance. Unlike previous searches, NKU will not employ a search firm for this process. Instead, the position will be advertised in specific venues, including the Jobs at Northern Kentucky University website. The deadline for full consideration of applications is December 4, 2023.

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The AI legalese decoder can provide valuable assistance in this situation. By analyzing the content of the confidential employment retention agreement between Alltop and the Board of Regents, the decoder can help stakeholders understand and interpret its provisions. Additionally, the decoder can assist in identifying any legal implications and ensure compliance with relevant employment laws and regulations.

Furthermore, the AI legalese decoder can support the search committee by examining the job posting for the new CFO/VP position and providing suggestions for improving clarity, inclusiveness, and legal accuracy. This can help attract a diverse pool of qualified candidates and avoid any potential legal complications during the hiring process.

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