LSU’s chief financial officer, Eric Monday, is leaving the Baton Rouge campus to join the University of Kentucky as its executive vice president for finance and administration, LSU announced Tuesday.

Monday also serves as LSU’s executive vice chancellor for finance and administrative services and is responsible for overseeing the university’s annual budget of more than $800 million.

“This is a tremendous opportunity that was best for me and my family,” Monday said in a statement. “I have developed professional and personal relationships at LSU that will last a lifetime and I will always maintain a deep passion for LSU and for the people that make it great. Forever LSU.”

LSU System President and Baton Rouge Chancellor William Jenkins congratulated Monday in a prepared statement.

“Eric’s stellar performance in a multitude of roles at LSU will be felt for many years at this institution. His deep dedication to LSU and tremendous knowledge of the university will be sorely missed,” Jenkins said.

The former student body president has two degrees from LSU and is working on a third. He graduated from LSU in 1996 with a bachelor’s degree in accounting.

He earned a master of public administration degree in 2005 and is currently working on a doctorate in human resource education and workforce development.

He was named Master of Public Administration Alumnus of the Year by the LSU Public Administration Institute in April.

University of Kentucky President Eli Capilouto, on Tuesday, praised Monday’s 15 years of experience in higher education in a statement released to students praising him for his work overseeing 1,200 employees at LSU.

Capilouto said Monday will start his new job late next month or in January.

UK spokesman Jay Blanton told The Associated Press that Monday would be paid $350,000 annually.

He had a $254,000 pay package at LSU.

However, Monday will not receive an administrative perk that faculty and staff protested earlier this year.

The school pays the equivalent of 15 percent of administrators’ salaries directly into their retirement accounts, but Capilouto ended it for new employees after the protest.

For everyone else, UK matches an employee’s 5 percent retirement contribution with a 10 percent allocation, according to the AP.