September 25, 2012
Peter W. Rogers was named today as the new Chief Financial Officer of Chicago Public Schools (CPS). The appointment was approved by the Chicago Board of Education (BOE) at its monthly meeting. Rogers brings to CPS a wealth of experience in the financial sector, most notably his 23 years with Citigroup where he rose to be Chief Executive Officer of Diners Club International.
“I am pleased to add Peter Rogers to our senior leadership team. His experience and expertise in financial matters from years in the private sector will serve us well as we navigate our way through the difficult fiscal challenges which face Chicago Public Schools,” said CPS Chief Executive Officer Jean-Claude Brizard.
In his new role, Rogers will manage the District’s $5.162 billion operating budget. The FY 13 budget maintains its investments in students and programs that support student achievement even while CPS faces a $665 million deficit. In order to close the budget gap, the District has cut administrative and operations spending outside the classroom and redirected funds from Central Office-run education programs to schools. CPS is also drawing down its reserve fund balance and accepting its property tax rate to the allowable cap.
The new CFO will lead a team responsible for all phases of CPS’s day-to-day financial operations, including Control (Financial Reporting, Accounting, Payables/Processing), Treasury (Cash Management, Risk Management, Insurance, Pensions/Investments), Tax, Financial Planning and Analysis and Budget.
“I believe strongly that the future of Chicago and of our nation depends on the education of our children,” Rogers said. “I have been extremely impressed with the dedication and caliber of staff I have seen throughout CPS, and I am extremely eager to apply the experience I have gained in successfully managing complex private sector organizations to the challenges faced by the public sector, particularly in an organization of such critical importance as Chicago Public Schools.”
Rogers is a graduate of Harvard College and received his MBA from the Harvard Business School. At Harvard, he was President of the Undergraduate Athletic Council and Captain of the Varsity Crew Team. He was also a member of the United States Rowing Team. He is a resident of the North Side of Chicago.
Also today, the BOE granted temporary authority to CEO Brizard to make any necessary changes to the calendar for School Year 2012-2013. Without explicit authority granted, any changes to the calendar must be made by the BOE. Changes made by CEO Brizard may include scheduling make-up days for student instructional days missed as a result of the CTU strike, or changes arising from the new contract, pending CTU ratification. This authority is granted through the next Board meeting.
About Peter W. Rogers
Peter W. Rogers has served as a President, Chief Executive Officer, as a member of Boards of Directors and as a strategic adviser. As President and CEO of Diners Club International, he led efforts to restore the prominence of this premium global brand by creating an aspirational vision and implementing a strategic growth plan that unified the efforts of 90 distinct country business units.
Rogers previously held the position of Executive Vice President-Regional Marketing Director of Citibank’s Consumer Group European Division, based in London, along with management positions for both Wilson Sporting Goods and Procter and Gamble.
Chicago Public Schools serves 402,000 students in 681 schools. It is the nation’s third-largest school district.