The Saratoga Performing Arts Center has hired Edward J. Lafond as its new Chief Financial Officer.
Lafond, who has three decades of financial and management experience, will manage SPAC’s $8 to $10 million annual operating budget and oversee all administrative affairs. A native of Manchester, N.H., who graduated from the University of New Hampshire before getting his Certificate of Accounting from Siena College, Lafond has spent the last 17 years as Audit Senior Manager for UHY LLP, a national certified public accounting firm with offices in Albany, New York City, Washington, D.C., and nine other U.S. cities. Lafond has lived in the Capital Region since 1986 and before working at UHY LLP was in the hospitality field.
“Jay brings a wealth of financial and management expertise to SPAC as well as a familiarity with the unique structure and budgetary issues of not-for-profits,” said SPAC President and Executive Director Marcia J. White. “Keeping a non-profit performing arts center financially strong in today’s complex economic environment is a difficult but critically important goal. Jay has the experience, skills and determination to help us meet that challenge. We welcome him as a strategic partner on SPAC’s senior management team and look forward to his contributions.”
Lafond has been working at SPAC since Feb. 24 as part of his transition into the role currently held by Richard Geary. Geary is retiring as CFO on March 28.
In his position at UHY LLP, Lafond was responsible for overseeing the financial reporting and compliance activities of a diverse client base that included arts and not-for-profit entities, financial institutions and businesses in fields such as technology, real estate and manufacturing with annual revenues between $2 million and $175 million. He also advised clients in matters of corporate governance, financial forecasting and information technology systems.
“Jay impressive background in finance and administration combined with his enthusiasm for SPAC and its mission make him an outstanding fit for our organization,” said SPAC Board Chairman Susan Read. “We look forward to his leadership and contributions as we approach our 50th anniversary in 2016 and shape our goals for the next 50 years.”