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Rachel L. Satterfield
Vice President for Finance and Treasurer
Rachel Satterfield became Vice President for Finance in October 2020 and, after briefly serving as interim, assumed the Treasurer role in March 2023. In this capacity, she is responsible for managing the university’s financial functions and overseeing its debt and cash management programs. She recently established a financial planning team, charged with performing the analysis needed to inform academic leadership decision-making with regards to allocation of capital and operating funds. Previously, she served as associate vice president for finance and University controller. She reports to the executive vice president and also serves as an administrative liaison to the Resources Committee of the Board of Trustees.
Satterfield has more than 20 years of experience in accounting and finance within higher education. Prior to joining Duke in May 2001, she was an audit manager at KPMG LLP, responsible for auditing a number of private higher education institutions including Duke, Wake Forest and Davidson. Satterfield earned her bachelor's of business administration and master's of accounting degrees from the University of North Carolina at Chapel Hill.
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John Clements
Associate Vice President for Budgets and Central Business Operations
As Associate Vice President for Budgets and Central Business Operations for Duke University, John Clements leads various finance and central shared services functions, including budgeting and cost allocations, auxiliaries finance, campus mail services, trademarks and licensing, as well as Duke University Stores operations. In this role, Clements' responsibilities include consolidation of the University's annual operating and capital budget and five-year plan for review and approval by the Board of Trustees, the allocation of space and general and administrative expenses across the University and Health System enterprise, as well as the financial oversight for the Central Administration Management Center (CAMC).
Clements has over 25 years of experience in higher education finance, and holds a bachelor of science in business administration from Appalachian State University and a master of arts from Duke University.