UTI names new president

Eugene S. Putnam Jr. has been promoted to serve as Universal Technical Institute’s (UTI) president and chief financial officer.

Putnam, who has served as executive vice president and chief financial officer since July 2008, will be responsible for operations, human resources, information technology, legal, regulatory compliance and government relations, in addition to his current CFO responsibilities. He will report to CEO Kimberly McWaters, who stepped down as president to concentrate on her role as CEO, according to a press release from UTI.

“Eugene’s promotion formalizes the partnership we have had in managing the business over the past few years and recognizes the key role he has played in driving improved efficiencies and recent record-breaking results,” McWaters said in the release. “Expanding Eugene’s role will also enable me to focus on more traditional CEO responsibilities, like company strategy, with an emphasis on our marketing and admissions activities. I am truly excited about our continued collaboration as we move the business forward.”

Prior to joining UTI, Putnam was the executive vice president and chief financial officer of Aegis Mortgage Corp., president of Coastal Securities L.P. and executive vice president and chief financial officer of Sterling Bancshares, Inc. Putnam also served as director of investor relations and in various corporate finance positions with SunTrust Banks Inc. for 14 years. He holds an MBA from the University of North Carolina and earned as bachelor’s degree in economics from the University of California, Los Angeles.

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