NASA's Acting Chief Financial Officer Retires

Press Release From: NASA HQ
Posted: Thursday, August 22, 2002

Administrator Sean O'Keefe today announced the retirement of Stephen J. Varholy, Deputy Chief Financial Officer for NASA Headquarters in Washington, effective September 3. Varholy, who spent a decade in public accounting before joining the government, also has served as the agency's Acting Chief Financial Officer.

Kenneth J. Winter, from NASA Langley Research Center in Hampton, Va., will serve as Acting Deputy Chief Financial Officer until a permanent replacement is selected. Winter is currently Langley's Chief Financial Officer and was the deputy for Headquarters before Varholy. He has been with NASA eight years.

Varholy first joined NASA in 1995 and spent five years as Director of the agency's Financial Management Division. "Steve's fiscal acumen and his management experience have both played important roles in preparing the agency for a new cost accounting infrastructure," said Administrator O'Keefe. "He stepped in during a critical time in this agency's accounting history and helped to lay the foundation for a system that will get NASA's financial books in order."

The Office of the Chief Financial Officer is responsible for developing overall agency policies, guidelines, and procedures for budget administration, financial reporting, and financial management systems, and for formulating policies governing how financial services are provided and managed.

Before joining NASA, Varholy spent four years as Chief of the Financial Administration Division for the Department of Interior in Washington. He has also served in various capacities with the General Accounting Office and a national public accounting firm.

Varholy has a master's degree in Public Financial Management from George Washington University and is a Certified Public Accountant and a Certified Government Financial Manager.

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