Walter Knorr was appointed as Vice President/Chief Financial Officer and Comptroller for the University of Illinois in January 2007. He is the first chief financial officer for the University.
The chief financial officer is comptroller of the Board of Trustees and has management oversight and responsibility for all financial functions and oversees all revenues, costs, capital expenditures, investments and debt. The vice president/CFO also serves as treasurer of the University of Illinois Foundation and as an ex officio member of the University of Illinois Alumni Association board of directors.
Knorr served the City of Chicago from 1982 to 2002 and worked for three different mayors during that time. He worked for two years with Citigroup Capital Markets from 2002-2004 and returned to the public sector as comptroller of Cook County. His other private-sector employment included the Northern Trust Bank, where he was a vice president for public finance, and Arthur Young & Co., where he was an auditor specializing in taxation and governmental financial reporting.
As CFO for Chicago, Knorr was responsible for a $5 billion-per-year municipal budget and, as Cook County comptroller he managed a county budget of $3 billion per year.
Knorr received a bachelor of arts degree in business, with honors, in 1971 from Wittenberg University in Springfield, Ohio. He resides in Chicago and is based on the University of Illinois at Chicago campus.