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Press Release

Clinton P. Carter, Senior Vice President for Finance and Administration and Chief Financial Officer of the UNC System

CHAPEL HILL, NC – University of North Carolina System President Margaret Spellings today announced that Clinton P. Carter has been appointed as the Senior Vice President for Finance and Administration and Chief Financial Officer of the UNC System.

“I am thrilled to welcome Clinton back to North Carolina to join our team at the UNC System,” said President Spellings. “His extensive background in finance and budgeting from the highest levels of government, education and the private sector means he’ll make an immediate difference for our students, our institutions, and our taxpayers.”

Carter is currently the Chief Financial Officer and State Finance Director for the State of Alabama, where he has served under two governors since 2016. In Alabama, he has been responsible for the management and oversight of the Department of Finance, encompassing 17 divisions, approximately 600 employees and a $250 million annual budget. He was also Deputy State Finance Director from 2011-2014.

In his new role as the UNC System’s chief financial officer, Carter will oversee all matters of University system finance. He will also provide ongoing staff support to the UNC Board of Governors’ Committee on Budget and Finance; work closely with the UNC Board of Governors, the President, and other senior staff members in developing UNC System policies and programs; and help represent the University in its dealings with legislative and government groups.

He will also provide leadership for the UNC System’s Division of Finance and Administration, which includes the following major functions: system budget and analysis, financial reporting, strategic sourcing (procurement), system office budgeting, accounting and reporting, capital planning and facilities, human resources, and information technology.

Carter earned his bachelor’s degree in business administration, with a dual major in accounting and finance, from the University of North Alabama in Florence, Alabama and an MBA from the University of Pennsylvania’s Wharton School of Business. He returned to UNA to serve as the Chief Financial and Business Officer and Treasurer of the University Foundation.

Carter is a prior North Carolinian, having previously worked as an investment banking associate with Wachovia Capital Markets in Charlotte.

“It’s a tremendous honor and privilege for me to return to North Carolina and become part of such a storied system of institutions on the forefront of higher education policy,” said Carter. “I want to thank President Spellings for this opportunity, and I look forward to working with her and everyone in the UNC System. I also want to thank Governor Kay Ivey for the opportunity to serve the great people of Alabama.”

Carter plans to begin work with the UNC System in mid-August of this year.