Assumption names new financial chief
Assumption College is promoting its director of finance to the role of vice president for administration and finance/treasurer, effective June 1.
The Worcester college said Peter Wells, a certified public accountant who has served in high-level financial roles for the City of Worcester and the American Red Cross, will succeed Christian McCarthy, who is expected to retire in May, the college said in a statement.
Wells has been Assumption’s director of finance since 2012. He will oversee the college’s financial functions, and will have oversight of the annual operating budget and endowment, and have operating responsibility for the buildings and grounds, campus police, human resources and administrative services departments.
Prior to joining Assumption, Wells was chief financial officer and director of administration and finance for the American Red Cross in Worcester. His previous positions include chief accountant for the city of Worcester and manager at Nolan, Calcasola & Company CPAs. Wells earned a bachelor’s degree in business administration from Worcester State University and an MBA from Nichols College. He is a past finance committee member for the now-former Higgins Armory Museum in Worcester, Assumption said.
“This new position provides an exciting opportunity to continue serving the financial needs of the College as we position Assumption for the future,” Wells said. “I am grateful to President (Francesco) Cesareo for the confidence he has demonstrated in my skills and to my friend, Chris McCarthy, with whom I have had the pleasure of working. I look forward to working with the Assumption community and advancing the mission of the college.”
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