Scott Scarborough is originally from Baytown, Texas, which is 20 miles east of Houston.
After graduating from The University of Texas at Austin in 1985, he began his public accounting career with Coopers & Lybrand, which is now PriceWaterhouseCoopers (PwC). After working in public accounting for five years, he became an Audit Manager at The University of Texas System. After five years with The University of Texas System, he served as Vice President for Business Affairs at The University of Texas at Tyler.
After ten years with and within The University of Texas System, he was appointed by the Texas State Comptroller to serve as CEO of the Texas Treasury Safekeeping Trust Company, which manages short-term and long-term investment funds for the State of Texas and its political subdivisions. After completing his MBA from The University of Texas at Tyler and his Ph.D. in business strategy from The University of Texas at Arlington, Dr. Scarborough accepted a job offer to become Executive Vice President at DePaul University, the nation’s largest Catholic University in Chicago, Illinois.
At DePaul University, Dr. Scarborough led a financial turnaround that was both difficult and highly successful. While in Chicago, Dr. Scarborough met and married his wife, Tammy Scarborough. After five years at DePaul University, Dr. Scarborough accepted a job offer to become the Senior Vice President for Finance and Administration at The University of Toledo, which had recently merged with the Medical University of Ohio. Dr. Scarborough served as the CFO of both the university and the newly merged academic medical center, which included two hospitals and outpatient clinics.
During his tenure at The University of Toledo, Dr. Scarborough was promoted twice, first to the position of Senior Vice President and Executive Director of The University of Toledo Medical Center, and second to the position of Senior Vice President for Academic Affairs and Provost of The University of Toledo. While serving as Provost, Dr. Scarborough was recruited to The University of Akron, which was searching for a new president after the long-term presidency of Dr. Luis Proenza. Dr. Scarborough became the 16th president of The University of Akron in June 2014.
As President of The University of Akron, the Board of Trustees asked Dr. Scarborough to do three things: (1) address the university’s financial struggles, (2) reverse the university’s persistent enrollment decline, and (3) strengthen the university’s academic reputation and brand. Dr. Scarborough and the board devised an aggressive strategic plan that would accomplish these goals over a five-year period. The strategic plan had three components: (1) budget cuts to stabilize cash flow and provide a source of funds for strategic resource reallocations to program strengths, (2) a repositioning of the university’s brand to that of a polytechnic university much like Virginia Tech, Texas Tech, and Georgia Tech, and (3) a purchase of ITT, a publicly traded institution of higher education with 55,000 students and campuses in 128 high-growth cities in 37 states across the country, and then renaming and repositioning ITT as an expansion of Wayne College, an existing satellite college of The University of Akron. Due to opposition from local constituencies and a change in board composition, however, the Board of Trustees reversed directions and decided not to continue with its strategic plan. Dr. Scarborough then stepped down from the presidency to return to his first loves: his faith, family, teaching, and helping people and organizations that desire to go from good to great.
Since 2016, Dr. Scarborough has focused on three things: (1) teaching audit, tax, and managerial accounting in The University of Akron College of Business Administration, (2) earning a second master’s degree in practical theology from Ohio Christian University, and (3) building the S|CPA Network of accounting firms in both Texas and Ohio to help individuals and organizations realize their highest potential.
The S|CPA Network of accounting firms includes Scarborough CPA, LLC, in Fairlawn, Ohio; Costanzo & Co. in Stow, Ohio; and Canady & Canady in Houston, Texas. Collectively, these firms offer a broad array of accounting, tax, payroll, auditing, review, compilation, financial planning, and consulting services to both non-profit and for-profit organizations throughout the country. In total, these firms serve over 1,000 individual, business, and non-profit clients each year.
Dr. Scarborough is married to Tammy Scarborough, who serves as president of the ambulatory division and clinical service lines at Summa Health. His son, Spencer, is an international tax associate at PwC in Cleveland, Ohio, and his daughter, Samantha, attends Old Trail School in Bath, Ohio. Their family attends Grace Church in Bath, Ohio. Last, but not least, Dr. Scarborough is proud to serve on the LeBron James Family Foundation Bureau of Higher Education, which helps high-risk students achieve a college education.
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