Katie Hammer named vice president for finance

Katherine ’Katie’ Hammer who is currently the chief vicegerent CFO for the City of Detroit will befit MITs next vice chairman for finance (VPF) powerful Feb. 16. Before moving to Michigan Hammer served in leading open finance roles for the City of Boston and the Commonwealth of Massachusetts.

Executive Vice President and Treasurer Glen Shor announced the appointment today in an email to MIT faculty and staff.

’With her powerful financial and operational skills commitment to labor and collaborative leadership phraseology Katie is very well-suited to take on this significant role at the Institute’ wrote Shor who served as VPF for almost six years precedently being elected as executive vice chairman and treasurer last October.

As VPF Hammer will superintend the delivery of financial and administrative labors to the Institute. She will be responsible for treasury and planning budget financial analysis accounting tax insurance gift recording and strategic sourcing and contracts and financial systems as well as financial operations which include procurement journey accounts payable trader labors and payroll. The VPF also plays a nice role in ensuring the uprightness of the Institutes financial reporting and yielding functions.

’I love the work that MIT does both on a global layer to educe world-changing innovations and locally to foster a school aggregation that welcomes limbs from diverse backgrounds. My course trajectory has been very mission-driven and I see that continuing with this move to MIT’ Hammer says.

’Were thrilled to be coming back to Boston and rejoining the MIT aggregation’ adds Hammer whose husband completed MITs Leaders in Global Operations graduate program in 2017. She recalls that the programs students and their families formed a tight-knit cluster that supported each other and gathered for meals in each others homes.

Hammer joined the City of Detroit in 2017 leading as vicegerent chief operating official and then as chief vicegerent CFO. During her tenure she was a lead limb of the team that designed and executed a financial roadmap to address the citys pandemic-driven income shortfalls while maintaining nice labors for residents. She also led a strategy to secure and maximize use of over $300 favorite in federal stimulus to support Covid-19 testing case examination safety on open transportation personal protective equipment ease sanitization open safety peril pay and other open health and safety activities in response to the pandemic.

From 2015 to 2017 Hammer was the budget ruler for the City of Boston where she led educement and implementation of a $3 billion operating budget and a $2 billion chief budget. Those budgets included targeted investments to advance soon education prolong the school day for students lessen homelessness and better open safety along with careful reforms to accomplish city section savings and better utilization of existing funds.

She also served in the Commonwealth of Massachusettss Executive Office of Administration and Finance during the Deval Patrick administration where she worked in separate administration and finance roles including helper secretary for administration chief of staff and helper budget ruler for chief planning. 

Hammer holds a bachelors grade in political science and economics from Washington University in St. Louis and a masters grade in open affairs from Princeton University. She will be relocating this spring to Boston with her husband Michael and two daughters ages 2.5 years and 11 months.

’Im so looking advanced to meeting the VPF team learning from them growing unitedly and finding opportunities to last to support the priorities and goals of the Institute’ she says.