August 1, 2006
University of Miami Taps Newspaper Publisher for Senior Vice President for Business and Finance and Chief Financial Officer
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CORAL GABLES, FL (August 1, 2006) –The University of Miami today announced that Joe Natoli, publisher of Philadelphia Newspapers, LLC, has been appointed senior vice president for business and finance and chief financial officer.
As publisher since 2004, Natoli has been responsible for The Philadelphia Inquirer, the Philadelphia Daily News, Philly.com, Broad Street Community Newspapers, and other subsidiary operations.
“The University of Miami will benefit greatly from having such a distinguished and proven administrator and problem solver to oversee business and finance operations,” said UM President Donna E. Shalala. “Joe Natoli was a well-respected civic leader in our community for many years, and we are delighted to recruit him back to South Florida.”
In his new post, which he will assume in mid-September, Natoli will manage the functions of accounting and finance, human resources and employee benefits, information technology, procurement, risk management, real estate, planning and construction, buildings and grounds, and operations and maintenance. He will also join the governmental relations team and will eventually teach a course in the School of Communication.
The University of Miami has annual revenues of $1.4 billion, an endowment of over $620 million, an annual economic impact of more than $3.9 billion in Miami-Dade County, and recently achieved early success in raising more than $1 billion in its Momentum campaign.
“It’s good to be coming home,” said Natoli, “and to be joining the University at an exciting time in its history. My wife, Jennifer, and I are looking forward to reestablishing our roots in South Florida and to helping the University continue to establish itself as one of the nation’s best.”
Prior to joining Philadelphia Newspapers, Natoli served as president and publisher of the San Jose Mercury News, then part of the Knight Ridder chain (recently acquired by The McClatchy Company). He joined Knight Ridder, then headquartered in Miami, in 1976 as a staff accountant. He spent more than three years on the corporate internal audit staff, performing financial and operational audits at the chain’s newspapers throughout the country.
It was at The Miami Herald Publishing Company (MHPC) that he worked his way up through the finance and operations divisions during the 1980s, serving in roles including controller and vice president of operations. He was named general manager of MHPC in 1993 and president one year later—overseeing all business operations of The Miami Herald, El Nuevo Herald, and subsidiary operations—until moving to San Jose in 2001.
He is a graduate of the University of South Florida and earned an M.B.A. from Nova (now Nova-Southeastern) University. He was a Florida CPA, now on inactive status.
In Philadelphia, Natoli serves on the boards of the Franklin Institute, the United Way of Southeastern Pennsylvania, the Greater Philadelphia Chamber of Commerce, the CEO Council for Growth, the Urban League of Greater Philadelphia, and the community advisory board of the Knight Foundation. He has chaired United Way campaigns in Miami and Silicon Valley and chaired the 2005 United Way of Southeastern Pennsylvania annual campaign.
He and his wife, Jennifer, will relocate to Miami. He has two children, Joey, an investment banker at Goldman Sachs in New York, and Danielle, a junior at Villanova University.
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The University of Miami is the largest private research institution in the southeastern United States. The University’s mission is to provide quality education, attract and retain outstanding students, support the faculty and their research, and build an endowment for University initiatives. www.miami.edu
Contact:
Margot Winick
mwinick@miami.edu
305-284-5500
