Israel Ruiz nominated for EVP and MIT Treasurer
MIT Vice President for Finance Israel Ruiz SM ’01 has been selected to succeed Theresa M. Stone SM ’76 as executive vice president and treasurer of MIT. The nomination, made by President Susan J. Hockfield and the Executive Committee of the MIT Corporation, will be confirmed by a vote of the full MIT Corporation at an annual meeting on Oct. 14.
Ruiz has held his current position managing the Institute’s finances since 2007. He was co-leader of the Institute-wide Planning Task Force with Associate Provost Martin A. Schmidt PhD ’88. The Task Force responded to the 2008 financial crisis and also produced long-term budget solutions to cut costs.
In 2010, Ruiz worked with a group that began the Digital MIT program, which streamlined many financial tasks with online and digital services. He also played a large role in the recent $750 million bond sale to finance the MIT 2030 initiatives.
After earning his master’s from the Sloan School of Management in 2001, Ruiz started his employment with MIT as manager of financial planning and analysis in 2002. He advanced to associate director of the Office of Budget and Financial Planning in 2003, and director of finance in 2005.
—Michelle E. Szucs