The new UM System President Timothy M Wolfe says his experience in business is going to help the UM system look at new sources of funding and ways to improve on the University’s performance.

New UM System President Timothy M Wolfe

Wolfe says he’s worked in businesses before that were short on cash, so he’s ready to implement some of the strategies he’s used before to help the UM system raise more money and use that money better.

He says he is open to looking at new funding sources for the system. He says Mizzou is growing as rapidly as any campus in the American Association of Universities and will need to employ the use of new technologies and all available outside funding to realize the potential of the University.

He says he will be beginning meetings with lawmakers soon to talk about creating more jobs for graduates to go into following college. His official duties as president begin in Mid-February.

Wolfe has worked with IBM and other software companies for 30 years.

Wolfe graduated from the Trulaske College of Business at MU and went on the graduate from Harvard Business School. Both his parents were college professors.

During Wolfe’s inaugural speech, he joked that in the interest of full disclosure, he had to admit his wife went to the University of Kansas. The audience laughed and clapped as she promised to wear Black and Gold from now on.

AUDIO Allison Blood reports.