Nicole Trufant will leave her position as senior vice president of finance and administration at the University of New England to become Colby’s College’s vice president and chief financial officer. Photo courtesy of Kevin Brusie

WATERVILLE — The senior vice president of finance and administration at the University of New England has been hired as Colby’s College’s vice president and chief financial officer, Colby officials announced Tuesday.

Nicole Trufant will be the first female CFO in Colby’s history, according to a news release by the college. She is scheduled to begin July 15 and will replace Doug Terp, who is retiring after 34 years.

“Throughout her career, Nicole has demonstrated her ability to approach growth and change with creativity, to think strategically about complex financial issues and to develop solutions that are both innovative and prudent,” Colby President David A. Greene said in the release. “Colby has a longstanding tradition of exceptional financial management, and Nicole is the right person to ensure our continued financial strength while we pursue ambitious plans for the future of the college.”

A Biddeford native, Trufant has been the University of New England’s chief financial and administrative officer since 2007. Prior to that, she served in several other senior leadership positions at UNE, including as vice president of finance and administration and vice president for fiscal affairs.

“I appreciate Colby’s commitment to its students and its commitment to the community of Waterville,” Trufant said in the release. “I thrive in an environment of growth and change and I like the intellectual challenge of supporting academic and student affairs at Colby to make sure that everything is working in sync so that everyone can succeed. Working for a college that makes education more affordable to all students is extremely important to me.”

Trufant will work with Greene and senior Colby leadership to ensure the college maintains its financial position to support its plans for growth and innovation, the release said.


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