UIndy names longtime utility executive as CFO
An executive with more than 30 years of business and consulting experience has joined UIndy as Vice President and Chief Financial Officer. 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.
At UIndy, Holstein reports directly to the president and serves 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. That’s no small job—UIndy 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. 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. Holstein filled the vacancy left by Michael Braughton, who retired as vice president and treasurer last fall.