Senior Vice President and Chief Financial Officer

Selection of senior vice president and chief financial officer


Following a national search, Michigan State University President Samuel L. Stanley Jr., M.D., named Lisa Frace as the university’s first senior vice president and chief financial officer effective May 10, 2021.

Lisa has more than 15 years of higher education finance experience at tier-one research universities. In these roles, she has led the fundamental transformation of business practices and processes with an emphasis on modernization and aligning resources to a university’s priorities. In particular, while at Arizona State University, she helped the school restructure its budget following a 52 percent per student cut in funding due to the 2008 recession.  

Also, Lisa is a national leader in higher education finance. She currently serves as a board member of both the National Association of College and University Business Officers and their western region. She is a champion for professional development in the field specifically focusing on diverse viewpoints and voices. In 2017, Lisa received the association’s Rising Star Award which recognizes outstanding professionals with high potential to succeed as executives and business officers in higher education.  

In September, a restructuring of many of the university’s administrative functions was announced. Among those plans was the creation of the CFO position to manage the university’s ongoing financial progress, develop a comprehensive long-range financial plan and ensure institutional resources are used effectively.


Lisa Frace’s CV

Lisa Frace’s portrait