UIndy Selects CFO

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The University of Indianapolis has named Michael Holstein vice president and chief financial officer. He previously served in a similar role with a Carmel-based utility consortium. January 8, 2014

News Release

INDIANAPOLIS, Ind. - An executive with more than 30 years of business and consulting experience has been named Vice President and Chief Financial Officer for the University of Indianapolis.

Michael P. Holstein was VP and CFO for the Midwest Independent Transmission System Operator from 2001 to 2011, as the Carmel-based electric utility consortium grew from 100 to more than 750 employees. He previously served as a vice president for IPALCO Enterprises and as a senior manager for Deloitte Consulting Group, among other positions. More recently, he has helped to launch small businesses as founder and president of North American Franchise Consultants.

"Mike's skills in financial analysis, strategic planning and general leadership are well suited to the challenges we face today in higher education," UIndy President Robert Manuel said. "Having his perspective on our executive team will be invaluable as the university undertakes new and more entrepreneurial ventures."

At UIndy, Holstein will report directly to the president and serve on his cabinet while providing leadership and oversight for all aspects of the university’s financial administration, including accounting, auditing, budgets, insurance, capital projects financing and relationships with credit ratings agencies, financial institutions and investment houses.

A Bloomington resident, Holstein holds a master’s degree in business administration and a bachelor’s degree in civil engineering from the University of New Mexico. He has served on the boards of the Indiana Technology Partnership, the Indianapolis Economic Development Corp. and the Eiteljorg Museum of American Indians and Western Art.

The University of Indianapolis is one of the largest nonprofit organizations in central Indiana, with more than 750 full-time-equivalent employees and annual revenue of more than $120 million. Holstein replaces Michael Braughton, who retired as vice president and treasurer in the fall.

Source: University of Indianapolis