The University’s top financial executive will earn a new title after he steps down from his position this summer, officials announced at a Board of Trustees meeting Friday.

Trustees unanimously approved a resolution naming Lou Katz, who has served as the University’s chief financial officer for 28 years, as executive vice president and treasurer emeritus as of July 1. Katz announced in February he would step down from his post June 30 and serve as an adviser to University President Thomas LeBlanc through the calendar year before he retires.

“The Board of Trustees expresses to Executive Vice President Katz its deep appreciation and gratitude for his distinguished years of service and his ongoing dedication and commitment to the University,” the resolution states.

The resolution lauds Katz for his involvement in multiple campus infrastructure projects since first joining the University in 1990. Katz oversaw the acquisition of the Corcoran School of the Arts and Design in 2014, the implementation of the 20-year Foggy Bottom Campus <a href="https://neighborhood.gwu.edu/2007-foggy-bottom-campus-plan"Plan in 2007 and the construction of several buildings, including the $275 million Science and Engineering Hall in 2014 and the Elliott School of International Affairs in 2002.

Katz said at the meeting that, amid nationwide “turmoil,” the University has served as an opportunity for him to show leadership and make a difference.

“This has been a great ride for me and for this institution,” he said. “I really believe the best is yet to come.”