Texas Tech athletics hires Lacy Needham as new chief financial officer
The Texas Tech athletics department on Friday announced the hiring of Lacy Needham as senior associate athletics director and chief financial officer.
She'll be responsible for overseeing the department's budget, projected at more than $115 million for the 2024-25 school year. Needham previously has had roles in athletics business operations at Arkansas (2018-24), Texas State (2009-18) and Georgia Southern (2003-06). At Arkansas, she was promoted to associate athletics director in 2022 and was on the department's senior staff.
Tech's announcement said Needham will inherit many of the duties previously assigned to Jonathan Botros, who was promoted 11 months ago to deputy athletics director after the January 2023 resignation of Tony Hernandez. Botros will add duties as Tech's chief operating officer and provide oversight of the Tech football program in addition to being the sport administrator for men's basketball.
"We’re pleased to welcome Lacy to our Texas Tech family," Tech athletics director Kirby Hocutt said in the announcement. "As we continue to develop long-term planning for Texas Tech athletics, it was essential that we find an individual with a strong financial background to complement that of Jonathan Botros as he transitions more to our Deputy A.D. role. We’re fortunate to have found that in Lacy, whose experience will only enhance our business office operation."
Details on talks, alternatives, buyout: Texas Tech basketball game with Texas A&M still on for now with changes possible
See donor list, 29 rooms to be named: TTU Athletics saw $50 million in donations for new stadium construction; donors to be honored
In addition to her role as CFO, Needham will serve as liaison to Texas Tech’s office of general counsel, office of audit services and the senior vice president for administration and finance. She will also oversee the departments of information technology and equipment operations, as well as Texas Tech’s relationships with Anthony Travel and the Rawls Course.
"I am honored to be joining Red Raider nation and can’t wait to be a part of the outstanding Texas Tech athletics team supporting Fearless Champions," Needham said. "I can’t thank Kirby Hocutt and the selection committee enough for this opportunity and look forward to getting to Lubbock soon to begin working with his incredible staff."
Needham starts on May 20.
Needham has an undergraduate degree in finance from TCU in 1999 and a master's in sports management from Baylor in 2003. She started her career as a junior accountant with the Texas Rangers.
This article originally appeared on Lubbock Avalanche-Journal: Texas Tech athletics hires Lacy Needham as chief financial officer
