A longtime member of Wimberley ISD’s executive leadership team has been tabbed as Hays CISD’s next chief financial officer (CFO), according to a press release.
Randall Rau, who had worked as Wimberley ISD’s CFO since 2009, was selected to succeed longtime Hays CISD CFO Annette Folmar, who recently accepted a position in Prosper ISD in the Dallas area. Rau was hired by virtue of a 7-0 Hays CISD board of trustee vote Monday.
Rau, who has close to 30 years of financial experience, had served as Wimberley ISD’s business manager from 2001 to 2007 before becoming the CFO in 2009. Prior to working at Wimberley, Rau had been director of accounting at the State Bar of Texas and had been a staff accountant for two private auditing firms.
Rau holds a Bachelor of Science in Business Administration from the University of Houston at Victoria and is a certified public accountant (CPA).
Meanwhile, Folmar, a CPA who has a “wide array” of school finance experience since starting in the field in 1993, was originally hired by Hays CISD in 2001 as the district’s Finance Director. She then became the Executive Director of Finance in 2004 before becoming the CFO in January 2015. Folmar has a bachelor’s and master’s degree in business administration from St. Edward’s University in Austin.
According to the release, Folmar, who is now the Prosper ISD CFO, will continue to work with Rau several days per week over the next few weeks to “help facilitate a smooth transition between the two CFOs.”
“Randall brings to the district a tremendous amount of experience and expertise. He will be a great fit for our district and I am confident our students, teachers, and taxpayers are in great hands,” said Hays CISD Superintendent Eric Wright.
Wright added Folmar, who is CFO of one top schools district in the state, has a “chance to put her skills to work with a new challenge, helping another school district transition to a large suburban district.”
