GRAND FORKS — UND President Andrew Armacost announced Tuesday, July 12 that the university’s next vice president for finance and operations will be a familiar face on campus.
Karla Mongeon-Stewart, who currently serves as Associate Vice President Finance, will become the next Vice President Finance and Operations/Chief Operating Officer. She replaces Jed Shivers, who leaves for a similar position at a New York University.
Mongeon-Stewart will begin his new role with a renewable three-year contract, effective July 18.
“I am delighted to announce that I have appointed Karla Mongeon-Stewart as Vice President of Finance and Operations/Chief Operating Officer,” said Armacost. “Karla has provided extraordinary leadership as Associate Vice President for Finance, overseeing a group of nearly 60 professionals who keep our finance engines and budgeting systems running.”
In her new role, Mongeon-Stewart will provide leadership for the financial and operational divisions of the university, including human resources, public safety, facilities, affirmative action/equal employment opportunity, Records Management and the Chester Fritz Auditorium.
“I am so honored to continue my professional journey at UND,” said Mongeon-Stewart. “I have worked with so many wonderful colleagues over the past seven years at UND and under Dr. Armacost’s leadership I am confident that we will continue on this positive trajectory.”
A native of Fargo, Mongeon-Stewart earned a degree in accounting from North Dakota State University in 1996. She received her master’s degree in business administration from the University of Mary at Bismarck in 2003.
A chartered accountant since 1998, Mongeon-Stewart has held various financial analyst positions throughout his career. She entered the field of higher education finance in 2003, spending four years as Director of Finance and Controller at Bismarck State College. From there, she became Director of Budget at NDSU, focusing on change management and process improvement. Then she was assistant vice president for academic affairs at the University of Texas at Brownsville, then chief financial officer at Rocky Mountain College in Billings, Montana.
In 2015, Mongeon-Stewart joined UND as associate vice president for finance after a national search.
“In her new role, Karla will showcase her strong leadership across the finance and operations business,” Armacost said. “Her statewide experiences will be a real asset to UND as we enter the next legislative session. Karla has done visionary work in the world of higher education, and I look forward to ‘she leads the division after the departure of Jed Shivers in mid-July.
Mongeon-Stewart worked closely with Shivers on all matters related to UND’s financial planning and operations. In addition to helping UND navigate the pandemic, Mongeon-Stewart and Shivers’ leadership has coincided with an increase in new construction, renewal and transformation on campus. They also continued to seek ways to fund new construction and reduce deferred maintenance costs through public-private partnerships.
Their financial leadership helped guide the UND through the 2021 legislative session and ensuing special session, securing approvals for several high-impact UND projects, including a Merrifield-Twamley renovation, a new runway apron for UND Aerospace and several space research initiatives.
“Jed has been an incredible mentor and colleague, and has positioned the division and the university on a solid foundation to confidently navigate the ever-changing world of higher education,” Mongeon-Stewart said. “I am thrilled to lead a talented finance and operations team and to continue working with all divisions of the University for the benefit of our students, staff, faculty, and state.”
Shivers also credits Mongeon-Stewart with the successful campus-wide implementation of the MIRA financial management model, as well as his work on managing differential tuition and improving business processes at UND. . He called Mongeon-Stewart “a highly collaborative person within the (finance) division and throughout the university.”
“I am very pleased to learn that Karla Mongeon-Stewart will become the next Vice President of Finance and Operations,” Shivers said. “His corporate-level experiences at three North Dakota colleges and universities, as well as his tenure working with the provost of a University of Texas system campus, provide him with exceptional knowledge and expertise. She also has a keen eye for recruiting, retaining and promoting talent.
“With Karla joining President Armacost’s team and working closely with Provost Link and the other vice presidents, UND will continue its strategic growth in teaching, research, and service on behalf of the citizens of North Dakota and our region.”