Israel Ruiz is the executive vice president and treasurer of the Massachusetts Institute of Technology. Ruiz is the Institute’s chief financial officer and, as a trustee of the MIT Corporation and a member of its executive committee, is the chief steward of over $17 billion of MIT’s financial assets and $3.4 billion in operating revenues, and is responsible for administering the Institute’s $5 billion capital plan through 2030.
With a strong understanding of MIT’s innovation ecosystem and future technology trajectories, Ruiz was instrumental in leading the re-zoning effort of Kendall Square in 2013 with an eye toward creating place and providing density and mixed-use development to accelerate the process to move ideas from lab to market. Ruiz continues to actively co-lead the development of the process through its complex execution phase, expected to last beyond 2020.
At MIT, Ruiz is responsible for financial and debt strategy development, budget and capital planning, and the integrity of financial information. His other areas of responsibility include human resources, information systems, campus facilities, security and safety, compliance, government relations, international support, sustainability, and medical.
Prior to becoming executive vice president and treasurer in 2011, Ruiz held several roles of increasing responsibility at MIT, most recently serving as vice president of finance. Involved since the early 2000s with digital education, in 2009–2010 Ruiz was instrumental in launching a group to evaluate e-learning opportunities in response to the global financial crisis. The work of this group ultimately led MIT to launch its online efforts—MITx in 2011 and edX in 2012—in partnership with Harvard University. In 2014, Ruiz co-led the task force that published the “Future of MIT Education,” outlining the tremendous opportunities that digital learning technologies bring to residential education and to the global market for education. Ruiz previously held management and engineering roles at Hewlett-Packard and Nissan Automotive.
Ruiz holds a master’s degree from the MIT Sloan School of Management and a six-year degree in industrial and mechanical engineering from the Polytechnic University of Catalonia, in his native Barcelona.
(Term until December 2017)