Israel Ruiz is the Executive Vice President (EVP) and Treasurer of the Massachusetts Institute of Technology (MIT). The EVP and Treasurer is the Institute’s chief financial officer and is responsible for leading all of the administrative and financial functions at MIT, and working with the President, the Corporation and members of MIT’s senior leadership team to ensure that MIT’s financial, capital, and operational resources are optimally deployed in a manner that supports the Institute’s academic mission of education and research.
The EVP is the chief steward of over $14.1 billion of MIT's financial assets, $3.2 billion in operating revenues (2013) and is responsible for administering the Institute's $1.2 billion capital plan. The EVP is responsible for financial strategy development, operations and capital budget planning, debt issuance, and the integrity of financial information. Other administrative areas of responsibility include human resources, information systems, campus security and safety, sustainability, medical, facilities and operations.
As Treasurer of the MIT Corporation, the EVP and Treasurer is the corporate officer responsible for the management and stewardship of the Corporation’s resources. The EVP serves as an ex-officio member of the MIT’s Executive Committee (MIT’s board), the Development committee and of the board of the MIT Investment Management Corporation.
Prior to becoming EVP and Treasurer, Mr. Ruiz was MIT's Vice President for Finance. In that post, he served a leadership role in the financial aspects of institutional planning and analysis, and was responsible for preparing the financial reporting and materials presented to MIT’s senior leadership.
Mr. Ruiz joined MIT in 2002 as Manager of Financial Planning and Analysis, and became Associate Director of the Office of Budget and Financial Planning in 2003. He was named Director of Finance in 2005, Vice President for Finance in 2007, and EVP and Treasurer in 2011.
Born in Barcelona, Mr. Ruiz holds a master’s degree from the MIT Sloan School of Management and a degree in industrial engineering from the Polytechnic University of Catalonia. Before joining MIT he worked as an engineer at Hewlett-Packard and at Nissan Automotive. Mr. Ruiz serves on the board of directors of edX (an MIT and Harvard online learning initiative), Aura Biosciences (a biotech startup), MIT Endicott House, and MIT Technology Review.