Sun, Dec 12, 2010
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.
More News
Instrument Runway A runway equipped with electronic and visual navigation aids for which a precision or nonprecision approach procedure having straight-in landing minimums has been>[...]
Aero Linx: Alaska Airmen's Association The Alaska Airmen's Association includes over 2,000 members—we are one of the largest General Aviation communities in the country. We s>[...]
Also: Flt School Security, G600 Steep-Approach, Honduran Aid, PW545D Cert Two aircraft performing at the Fort Lauderdale Air Show clipped wings during a routine last Sunday, spooki>[...]
Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]
Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]