John Affleck-Graves, vice president and associate provost of the University of Notre Dame, was elected today as the Universitys first lay executive vice president by the Board of Trustees meeting on campus.p. Affleck-Graveselection follows a year-long search by a special committee of the board. Rev. Timothy R. Scully, C.S.C., stepped down from the position on June 30, 2003, returning to his position as a professor of political science.p. Affleck-Graves, 53, a native of South Africa and a naturalized U.S. citizen, holds the Notre Dame Chair in Finance in the Mendoza College of Business and has won numerous teaching awards. The author of more than 50 refereed publications, Affleck- Graves specializes in the study of initial public offerings, valuation and asset pricing models, and shareholder value added methodology. He has served as a consultant for numerous companies, including Allied Signal, Bayer, Merck, Pharmacia&Upjohn, and Donnelly Glass. He was elected vice president and associate provost in June 2001.p. Rev. Edward A. Malloy, C.S.C., University president, noted that Affleck-Graveshas been a distinguished faculty member, an effective administrator, and a popular colleague within our community. We conducted a nationwide search and came up with a world-class leader right here at Notre Dame.Father Malloy said the combination of Affleck-Gravesacademic and administrative experience, both inside and outside academiahave prepared him well to serve as Notre Dames first lay executive vice president.p. As executive vice president, Affleck-Graves will administer an annual operating budget of more than $650 million and an endowment of more than $3 billion. He will oversee human resources activities for a work force of more than 4,000 employees – the largest in St. Joseph County – and direct the Universitys construction program.p. Father Malloy added,John is deeply committed to Notre Dames Catholic mission and identity, and he and his wife, Rita, have been very effective representatives of Notre Dame in all that it strives to be.p. Affleck-Graves, the fifth person to hold the executive vice president title, praised the structure of the office as established by his predecessors, especially Rev. Edmund P. Joyce, C.S.C., who served 35 years.He set the standard for what an EVP should be,Affleck-Graves said. He also praised the leadership team established by Father Scully, including James Lyphout, vice president for business operations; Scott Malpass, vice president and chief investment officer; and John Sejdinaj, vice president for finance. Affleck-Graves noted that one of his first challenges will be to fill the vacant position of associate vice president for human resources.p. Speaking of the Notre Dame staff, Affleck-Graves saidIts wonderful how many dedicated people there are. How many people are committed to the Notre Dame mission. How they have the sense of service and the sense of making this a special place for people who come here.p. From 1975 to 1986, Affleck-Graves taught at his alma mater, the University of Cape Town, where he earned his bachelors, masters and doctoral degrees, the last in mathematical statistics. He joined the Notre Dame faculty in 1986. He said he will continue to teach, as his predecessor, Father Scully, did.p. John and Rita Affleck-Graves have two daughters.