Indiana University's MaryFrances McCourt named a 2014 CFO of the Year
FOR IMMEDIATE RELEASE
BLOOMINGTON, Ind. -- Indiana University is celebrating the news that MaryFrances McCourt, IU senior vice president, chief financial officer and treasurer, has been named a 2014 CFO of the Year by the Indianapolis Business Journal.
McCourt was a top honoree in the category for non-for-profits with revenue above $100 million. Also recognized by the IBJ was Derica Rice, executive vice president of global services and CFO of Eli Lilly and Co. and an IU trustee. Rice was honored in the category for public companies.
Of the 14 people recognized by the business publication, nearly a third are IU alumni, including Rice, Robert A. Coons, senior vice president and chief administrative officer of Rose-Hulman Institute of Technology; Bill Himebrook, CFO of LDI Ltd.; and Dan Sink, executive vice president and CFO of Kite Realty Group Trust.
"MaryFrances McCourt is most deserving of this outstanding honor, which reflects again the emphasis placed on administrative excellence at IU," said IU President Michael A. McRobbie. "We are also delighted to see several of our alumni continuing to play similarly vital roles in their companies and institutions which are of great value to their stakeholders."
"I was honored to be chosen for this award and am proud to serve in this role for Indiana University," McCourt said. "I have a very talented team at Indiana University, and it is a pleasure to work with them daily to deliver best-in-class work."
McCourt has served as a vice president and CFO since January 2013. She succeeded Neil Theobald, who left IU to become president of Temple University in Philadelphia. In April, her responsibilities as senior vice president were added.
She joined IU in 2005 as treasurer of the university and its board of trustees, coming from Cleveland-based Agilysys Inc., an enterprise computer technology solutions company, where she was the assistant treasurer. She earned a bachelor's degree from Duke University and an MBA from Case Western Reserve University.
McCourt is responsible for the management of approximately $1.8 billion in operating funds, over $950 million of debt, the university’s banking and treasury operations, financial reporting, budgeting, university bursar functions, insurance, loss control and claims, auxiliary accounting and other functions. She is responsible for the recently established Office of Student Financial Literacy.
In making its selection, the IBJ noted McCourt's efforts in helping IU find $214 million in savings over the past four years, through volume buying and applying procurement best practices.
Associate vice president, IU Communications
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