Carolyn Ainslie, Cornell vice president for planning and budget, has accepted a position as vice president for finance at Princeton University. Provost Biddy Martin and President David J. Skorton jointly announced that Paul Streeter, currently serving as Ainslie's deputy, will be named Cornell's interim vice president for planning and budget, effective Oct. 1.

"I wish Carolyn the very best in her new position," Martin said. "She has been an extraordinary contributor to Cornell for many years, and the university owes a great deal of its success over the past two decades to her hard work, dedication, good judgment, integrity and talent. From the university's successful faculty salary program, the life sciences enhancements, campaign planning, and the faculty work/life study, to the recruitment and retention of faculty and our recent financial aid initiative, Carolyn has been at the center of our most important initiatives. I have valued her friendship and her counsel, and we all have benefited from the excellent work of the team she built, of which Paul has been a leader. I know that Paul will carry on that good work for Cornell."

Commenting on Ainslie's many valued contributions over 22 years of service at Cornell, Skorton said: "Princeton is very fortunate to receive Carolyn as its next vice president for finance. Her years of dedication have made Cornell a better place."

He added, "I look forward to working with Paul on the important task of strategic institutional planning for the university, as I have very much valued working with Carolyn, whose contributions, hard work and stewardship have been crucial to Cornell's continuing success and leadership."

Said Deputy Provost David Harris: "I also look forward to working with Paul and with President Skorton in the days ahead to help further Cornell's strategic efforts in finance and planning. The university has a very strong team going forward."

Streeter called Ainslie "an outstanding leader who is highly respected and valued throughout the Cornell community for her insight, creativity and collaborative approach."

"I am very excited about this opportunity but will miss Carolyn's steady guidance and her insight. Together with the team she helped assemble and the direction she helped establish, I see great things for this university moving forward," he said.

On her new appointment, which will take effect Oct. 1, Ainslie said: "I have been fortunate to have had the opportunity to serve Cornell and work with many talented colleagues in advancing the missions of a great land-grant university. The opportunities to work in similar roles at other prestigious research universities are rare, and I am honored and excited about joining the Princeton leadership team. I will miss my many Cornell friends and colleagues, but I know that Cornell will continue to thrive with the leadership of David Skorton and my longtime colleague Paul Streeter."

Streeter is Cornell's assistant vice president for planning and budget. He previously worked for four years as senior project director in the Division of Planning and Budget, four years as director of finance and administrative operations in the College of Human Ecology, and eight years in the Cornell Audit Office, serving as the associate audit director for five years.

He has considerable experience in evaluating and recommending improvements in university administrative operating practices. Streeter received a bachelor's degree in accounting from LeMoyne College and an MBA from Cornell, and he is a certified public accountant.