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Richard Hensey Joins ACM as VP for Finance, Administration, and Planning

Published: July 29, 2021

Richard Hensey Joins ACM as VP for Finance, Administration, and Planning

The Associated Colleges of the Midwest has named Richard Hensey as Vice President for Finance, Administration, and Planning.

The Associated Colleges of the Midwest has named Richard Hensey as Vice President for Finance, Administration, and Planning, effective July 27.

In this role, Hensey will lead financial planning to support new program development and the long-range strategic priorities of the ACM, ensuring that multi-year financial plans, annual operating budgets, and associated forecasts that effectively and efficiently advance the ACM’s mission.

“I am thrilled to welcome Rich Hensey to the Associated Colleges of the Midwest, where he joins a talented team committed to enriching residential liberal arts education and strengthening members through collaboration,” said Sonya Malunda, President of the ACM. “With his extensive work as a financial leader in higher education and nonprofit settings, Rich will be an invaluable asset to creating sustainable impact for the consortium, enabling us to deliver high impact programming for the faculty, staff, and students at our 14 member colleges.”

Most recently, Hensey was the Director, Financial Planning and Reporting, Operations, at the church headquarters of the Evangelical Lutheran Church in America (ELCA) in Chicago. He began his career in finance at Deere & Company. He later moved to John Deere/Sentry Insurance before becoming the Chief Financial Officer, Chief Planning Officer, and lecturer in law and business at Tumaini University – Iringa University College in Tanzania. After returning to the U.S., Hensey worked as the Vice President for Finance at the Lutheran School of Theology at Chicago.

“With his extensive work as a financial leader in higher education and nonprofit settings, Rich will be an invaluable asset to creating sustainable impact for the consortium, enabling us to deliver high impact programming for the faculty, staff, and students at our 14 member colleges.”

Sonya Malunda, President of the ACM

“It is exciting to return to a strategic leadership role in higher education, especially within the collaborative mission of ACM,” said Hensey. "For 21 years, I have been blessed to work with passionate colleagues within the ELCA and help them support valuable programs and ministries. I will carry that same passion into my new role supporting liberal arts education, as I am the proud product of a liberal arts college.”   

Hensey received his bachelor’s degree from Augustana College in Rock Island, Illinois, and a juris doctor degree from Creighton University School of Law. He holds law licenses in both Wisconsin and Illinois. He is also a certified public accountant (CPA) in the state of Illinois, as well as a certified internal auditor and certified fraud examiner.

The Associated Colleges of the Midwest is an incubator and catalyst for relevant programming that advances the academic and professional success of faculty, students, and staff at the 14 liberal arts member campuses. The member colleges launched the ACM in 1958, building on a long-established tradition of athletic competition dating back to the 1920s. Today, the ACM enriches residential liberal arts education and strengthens members through collaboration and joint initiatives that would not be possible independently.

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