Marsha Stone Recognized By The Indianapolis Business Journal

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.

FMI: www.indianapolisairport.com