Harvard Faculty of Arts and Sciences Appoints a New Finance Dean

February 28, 2026 - 05:29

Warren Petrofsky has been appointed as the new Dean of Finance and Administration for Harvard University’s Faculty of Arts and Sciences (FAS). He steps into the role during a period of significant financial challenge for the institution.

The FAS, Harvard’s largest and oldest academic division, is currently navigating a substantial structural deficit projected at $350 million for the current fiscal year. This financial pressure has prompted internal reviews and discussions about budgetary constraints and strategic priorities across the school.

Petrofsky brings extensive experience from his previous position as vice president for business and finance at the University of Chicago. In that role, he oversaw a complex financial portfolio and managed long-term capital planning. His background is expected to be instrumental as Harvard FAS leadership works to stabilize its finances.

The appointment signals a focused effort to address the deficit through strengthened fiscal management. Petrofsky will be responsible for overseeing all financial and administrative operations, working closely with faculty and administrative leaders to ensure resources align with the division's core academic and research missions. His leadership will be pivotal in steering the faculty toward a more sustainable financial future while preserving its educational excellence.