Robert R. Hagans Jr. joined AARP in July 2001 as chief financial officer. He provides strategic guidance and expertise in all areas of the association's financial management, strategy implementation and policy formulation, in addition to AARP's environmental and physical resources. This includes oversight of approximately $8 billion in annual cash flow for AARP and related entities and the nearly $1.4 billion operating budget, AARP's real estate assets and operational support services.
He leads an array of AARP’s financial, administrative and support services, and plays a central role in developing and implementing the enterprise’s strategic, operational and financial plans. This includes oversight of a $1.5 billion operating budget, some $4 billion of investments under management, and approximately $10 billion in annual cash flow for AARP and related entities. He heads the Financial and Operational Services Group (FOSG), which manages AARP’s financial planning and analysis; treasury and investments; tax reporting and planning; and accounting and financial reporting activities. FOSG also manages facilities, procurement, and security and risk management programs.
He has over 35 years of work experience in nonprofits and financial management. Prior to AARP, he served as director of finance for Prince George's County (Maryland) government and was responsible for the management of the $1.7 billion in cash flow of county funds and the $780 million debt management program. He served on several boards and committees, including trustee on the $1 billion Prince George's County Police and Fire Service Pension Plans, chairman of the county's Risk Management Committee, Board of Trustees for the Local Government Insurance Trust and Advisory Board for the over $700 million Maryland State Local Government Investment Pool.
Prior to his Prince George's County appointment, he served as an assistant vice president for Asset Management and Treasury Operations at Howard University, where he was responsible for the $123 million endowment, the $161 million retirement fund, the $30 million self-insurance trust, the $173 million tax-exempt debt activities and the treasury operations team. He formerly served as the treasurer of the District of Columbia and has public finance, investment and commercial banking experience with Alex Brown & Sons, Merrill Lynch and Harris Trust and Savings Bank, respectively.
In addition to his day-to-day responsibilities, he serves on the board of directors of Industrial Bank, the board of trustees for the Maryland State Retirement and Pension System, and the board of governors for the Joint Center for Political and Economic Studies. He is also a member of the Executive Leadership Council.
He holds a B.A. from Lake Forest College, an M.B.A. from the University of Chicago and has completed postgraduate work at the University of Pennsylvania, the Wharton School. In September 2011, he was conferred as a U.S. Department of Commerce Baldrige Executive Fellow.