For release: August 6, 2008
For press information, contact Curt Guenther
Charles Lee, vice president for Business and Finance at the University of Memphis
for the past six and a half years, has announced that he will retire from the University
on October 1, 2008. In making his announcement public, Dr. Shirley Raines, U of M
president, said Lee’s leadership “has made many valuable contributions to our University
and to the broader Memphis community.”
A former executive with IBM and with the Washington, D.C.-based Council for the Advancement
and Support of Education (CASE), Lee’s emphasis since joining Raines’ administration
in 2002 has been on improving University business processes. Under his leadership,
the Division of Business and Finance has been the recipient of multiple Quality awards
from the U.S. Department of Labor, the Tennessee Center for Performance Excellence,
and the Greater Memphis Association for Quality. Annual audits of University finances
by the state have all been completed with no finding of any problems. With his advice,
the financial performance of the University of Memphis Foundation rates among the
best in the nation. His innovative plan for financing property acquisitions to bring
to life the University’s master plan was the first of its kind for the State of Tennessee.
Lee has also been an active leader and representative outside of the University.
He serves as president of the University Neighborhood Development Corporation (UNDC),
the entity that has partnered with surrounding neighborhoods, local businesses, and
major developers to lead the revitalization of the University area. He is also chairman
of the Board of Directors of the Mid-South Minority Business Council and a member
of the boards of the Greater Memphis Community Foundation, the Better Business Bureau,
Porter-Leath, and the Tennessee Center for Performance Excellence
A native of Memphis, Lee is married to the former Cenetta Jamison, also of Memphis.
They plan to move to Southport, N.C., where Lee will play more golf and remain active
in volunteer work for the community.
A search committee will be formed to interview candidates for Lee’s successor. No
timetable has been announced for that process.