Marine Biological Laboratory Welcomes Damian N. Desiderio as CFOO to Strengthen Financial Leadership

Marine Biological Laboratory Welcomes New CFOO

The Marine Biological Laboratory (MBL), located in Woods Hole, Massachusetts, is set to welcome Damian N. Desiderio as their new Chief Financial and Operating Officer (CFOO) beginning in March 2026. Desiderio, a certified public accountant with over 20 years of experience in non-profit financial management, is expected to play a critical role in steering the institution towards its financial goals.

Desiderio has an impressive track record, having worked at Cold Spring Harbor Laboratory (CSHL), where he managed various aspects of financial operations, including the management of the institution's endowment and operational budget. His leadership supported not just the financial health of CSHL, but also vital programs such as graduate education, federally funded research initiatives, and noteworthy scientific courses and meetings.

Moving forward, his responsibilities at the MBL will include aligning the institution's strategic priorities with sustainable financial plans. Desiderio's extensive knowledge in capital planning, liquidity management, and operational strategy will be instrumental as MBL seeks to innovate and expand its educational and research initiatives. His previous experience will also help guide the development of major capital projects and ensure financial transparency within the organization.

Throughout his career, Desiderio has been recognized for his ability to conduct enterprise resource planning transformations and establish effective financial reporting structures. This kind of insight is likely to drive MBL's ongoing commitment to informed decision-making and financial integrity. His past contributions also include overseeing compliance with IRS regulations, managing audits, and improving internal controls at CSHL.

Educationally, Desiderio holds a Bachelor of Business Administration degree in Public Accounting from Hofstra University, highlighting his expertise and dedication to the finance sector.

Nipam H. Patel, the Director of the Marine Biological Laboratory, expressed enthusiasm about the new appointment, stating, "I am confident that Damian will be a great addition to our leadership and the MBL community, helping us grow and flourish."

The appointment of Damian Desiderio comes at a time when MBL is poised for growth and innovation in its educational programs and research ventures. His extensive background in not-for-profit financial management places him in an ideal position to contribute significantly to the MBL's mission and future endeavors.

As MBL continues to evolve in the fast-paced world of biological research and education, having a leader like Desiderio at the financial helm will surely enhance their capabilities and strengthen their position within the scientific community. The Laboratory looks forward to leveraging Desiderio's expertise to foster an environment of financial prudency and strategic growth initiatives as they move into the next chapter of their storied history.