Last modified: Monday, December 3, 2012
IU Treasurer MaryFrances McCourt named interim vice president and CFO
FOR IMMEDIATE RELEASE
Dec. 3, 2012
BLOOMINGTON, Ind. -- Indiana University President Michael A. McRobbie has announced that IU Treasurer MaryFrances McCourt has been appointed interim vice president and chief financial officer effective Jan. 1, subject to the approval of the IU Board of Trustees at its next business meeting Friday, Dec. 7. She will succeed Neil Theobald, who is leaving IU at the end of the year to become president of Temple University.
In her new role, McCourt will serve as the university's top fiscal officer overseeing budgetary and financial issues across seven IU campuses. As part of this transition, responsibility for the IU Bloomington budget and auxiliaries will be transferred from the CFO's office to the campus administration under the direction of Provost Lauren Robel, beginning Jan. 1.
McCourt also will continue to serve as treasurer, managing the university's investment portfolio of more than $1.7 billion and a $900 million debt portfolio. McRobbie will conduct a search for a new VP/CFO during the spring semester.
"MaryFrances has proved to be an extremely capable financial manager and an effective leader, and I am confident she will be able to step into this important role as the university's top fiscal officer and succeed," McRobbie said. "MaryFrances' deep knowledge of the university's financial operations and her collaborative working style will be invaluable as IU makes important recommendations regarding tuition and its operating budget in the coming months."
McCourt joined IU as treasurer in 2005 from Cleveland-based Agilysys Inc., an enterprise computer technology solutions company, where she was the assistant treasurer. She earned her bachelor's degree from Duke University and her MBA from Case Western Reserve University.
"Indiana University has a strong and savvy financial team, of which I am honored to be a member," McCourt said. "I truly appreciate the opportunity President McRobbie has presented to me, and I very much look forward to continuing to deliver leading-edge financial management in support of his strategic plan for the university."