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2014 Commencement Honoree

Katherine CravenKatherine Craven: Chancellor’s Medal

Chief Administrative Officer, Babson College and
Former Executive Director, UMass Building Authority

Katherine Craven has played a leading role in the construction and renovation of K-12 schools and University of Massachusetts facilities across the state for the past decade. In February, 2014, Ms. Craven assumed a new role as Chief Administrative Officer (CAO) at Babson College.

Since 2011, she served as Executive Director of the University of Massachusetts Building Authority and Assistant Vice President for Capital Finance for the University of Massachusetts. Her stewardship of the UMass Building Authority included oversight of a $3.8 billion plan to modernize the five University of Massachusetts campuses in Amherst, Boston, Dartmouth, Lowell and Worcester. Her leadership yielded impressive credit ratings and strong demand for UMass bonds, supporting the momentum to provide 70,000 students, 5,700 faculty, and 12,000 professional and classified staff with facilities that enable them to achieve at the highest level.

Before joining UMass, Ms. Craven was appointed as the first deputy treasurer under Massachusetts State Treasurer Steve Grossman in 2010. She served as the first executive director of the Massachusetts School Building Authority since 2004.

A graduate of Harvard University, Ms. Craven began her career as a budget analyst for the House Ways and Means Committee. Later, as deputy budget director of the committee, she played an integral part in crafting numerous state budgets, supplemental accounts, and capital appropriations bills. She would later serve in the office of House Speaker Thomas Finneran.

At Babson College, Ms. Craven now directs enterprise strategy, manages financial forecasting, and supervises numerous operations, including campus/community affairs, human resources, facilities, finance, IT, risk management, summer programs, and sustainability.

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