Sun, Dec 12, 2010
Marsha Stone Recognized By The Indianapolis Business
Marsha Stone, chief financial officer for the Indianapolis
Airport Authority, has been named CFO of the Year by the
Indianapolis Business Journal. Stone was one of three nominees in
the government category.
The third-annual competition included a total of 15 CFOs from
private, public, not-for-profit, and government organizations. The
nominees and winners in each category were honored at an event at
the Westin Hotel in downtown Indianapolis on December 3. Stone
oversees all accounting, financial reporting, budgeting, capital
financing, business development, air service development, and other
revenue-generating functions for Indianapolis International Airport
and five general aviation facilities owned by the authority.
She led the financing process for the $1.1 billion Midfield
Project, funding construction of the new Indianapolis International
Airport which opened in 2008. Her efforts included securing cash
from federal funds and six municipal bond transactions over several
years. Despite the economic downturn that caused declines in
revenue from passenger volumes and landed aircraft weight, the
project was completed on time and on budget.
More recently, Stone oversaw negotiations leading to a sweeping
new airline use agreement. The agreement reduces the cost of doing
business Indianapolis International Airport and is expected
to save the airlines serving Indianapolis about $300 million in
operating costs over the next five years. The agreement allows the
authority to maintain the financial liquidity required for its
capital program without taking on new debt.
Currently, Stone is overseeing IAA’s land use and
development study, a major initiative that will set the course for
development of central Indiana’s largest airport system over
the next 30 years. The aviation co-chair for the 2012 Indianapolis
Super Bowl Host Committee, she chairs the finance committee of
Airports Council International-North America (ACI-NA).
Stone serves on the Clarian West Medical Center board of
managers and is past-president of the Indianapolis chapter of
Financial Executives International. She has a B.S. in accounting
from Indiana State University.
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