The Lumina Foundation has named Brad Kelsheimer (pictured) chief financial officer. He will replace longtime CFO J. David Maas, who is retiring after 17 years leading the finance operations, which has $1.1 billion in its endowment. Kelsheimer previously served as DePauw University’s senior vice president for finance and administration.

He also previously spent nine years at Rose-Hulman, becoming associate vice president for financial affairs. Kelsheimer started his career in 1990 with Price Waterhouse in Indianapolis as a staff/senior auditor, before serving in several roles with General Housewares Corp. in Terre Haute. While with the company, he was the controller and a divisional chief financial officer. Kelsheimer earned a bachelor of science with high honors in accounting from the University of Illinois, and a master’s degree in strategic management from Indiana University’s Kelley School of Business.

Maas has been a financial executive for more than 30 years, holding key positions in for-profit and nonprofit organizations. Before joining Lumina in 2000, he served as senior vice president and treasurer of USA Group. Maas was responsible for USA Group’s investment strategy and finance operations. Maas holds two degrees from Indiana University, a bachelor’s in accounting and a master of business administration in management information systems. He earned his Certified Public Accountant designation in 1980.

Story Continues Below