updated: 4/1/2013 6:11:15 AM
Ivy Tech Community College has chosen John Murphy to be president of the Ivy Tech Foundation. He has been a board member with the foundation for more than 20 years and most recently served as managing director of Wells Fargo Insurance Services USA Inc. Murphy has also been named a senior vice president of the college.
April 1, 2013
INDIANAPOLIS, Ind. - Ivy Tech Community College has selected John M. Murphy to serve as President of the Ivy Tech Foundation and also a Senior Vice President for the Community College. His appointment is effective April 1.
In past years, the Ivy Tech Community College President also served as President of the Ivy Tech Foundation. Ivy Tech President Thomas J. Snyder recently announced that the Ivy Tech Foundation needs a full-time president as fundraising efforts continue to expand. This will ensure access and affordable higher education for more and more Hoosiers every year.
"John brings a wealth of experience and is a proven leader," Snyder said. "We are focused on increasing our efforts of raising additional monies and garnering new support to ensure that we can keep higher education affordable here in Indiana. John is a very qualified individual and his experience with complex sales organizations will be a benefit to our team here at the Foundation, a team he has spent time working with over the past two decades."
Murphy has been heavily involved with Ivy Tech Foundation as a board member for over 20 years, including most recently serving as the Vice Chairman and incoming chairman. He previously served as Board Chairman for two years.
Murphy recently retired from a successful 40-year career as an insurance executive. His background includes key leadership positions in life, health and property/casualty companies with an extensive background in executive leadership, strategic planning, sales/marketing, finance and administration. During his career he played major roles with both insurance companies, as well as in the insurance brokerage industry.
He most recently served as Managing Director of Wells Fargo Insurance Services, the world's fifth largest broker, where he directed and managed profit/loss statements, sales, marketing, administration and mergers/acquisitions starting in 2005. He also managed 11 offices in four states. At Wells Fargo, he played a major role in the formation of bank cross sales and was a member of the International Cross Sell Strategic Group.
Prior to his role at Wells Fargo, Murphy served 17 years at Wellpoint, Inc. Most recently, Murphy headed major strategic units in preparation for Anthem's public offering in 2002. He served as President of Anthem Specialty Business from 2000-2005. Murphy formed and built Anthem's Specialty Business to $1.2 billion in revenue. This was accomplished by organic growth coupled with a series of acquisitions that included dental and behavioral health companies. In addition, Murphy served as Vice President and General Manager of the Indiana/Kentucky Strategic Business Unit for Anthem Midwest from 1999-2000 where he directed and managed the profit/loss statement for Anthem, Inc. His accomplishments included significantly surpassing profit objectives and consistently exceeding operating standards.
He served as Vice President of Operations for Anthem Midwest from 1997-1999 where he re-engineered operations and managed in excess of 5,000 employees. In addition, he consolidated operations for three stand-alone Blue Cross/Blue Shield Plans for Ohio, Indiana and Kentucky.
From 1989-1997, Murphy served as President and CEO of Acordia Senior/Personal Benefits, Inc., the sixth largest insurance broker in the world, where he led the most profitable subsidiary company within Acordia, Inc. He implemented a five-year Strategic Plan in 1992 to diversify the company nationally and reduce reliance on health insurance profits. He played a major role in Acordia, Inc.'s public offering. Murphy ran the largest subsidiary in Acordia and led this subsidiary to 10 years of increasing profit and margin growth. He sat on five of their subsidiary board of directors.
Murphy earned his Master's of Business Administration in Finance and Bachelor's of Science in Accounting from St. John's University. He is also a Chartered Financial Consultant and Chartered Life Underwriter.
He is also heavily involved in community service and is chairman of Happy Hollow Children's Camp, member of the Development Committee Member at St. John Vianney Church, and has held positions of Vice Chairman and Chairman of the Indianapolis Metro American Heart Walk.
Ivy Tech Community College is the state's largest public postsecondary institution and the nation's largest singly accredited statewide community college system serving nearly 200,000 students annually. Ivy Tech has campuses throughout Indiana. It serves as the state's engine of workforce development, offering affordable degree programs and training that are aligned with the needs of its community along with courses and programs that transfer to other colleges and universities in Indiana. It is accredited by the Higher Learning Commission and a member of the North Central Association.
Source: Ivy Tech Community College