Steve Foucart named permanent CFO at Missouri State
Foucart’s appointment was approved by the Board of Governors Executive Committee at today’s meeting (March 20) and will be ratified by the full Board May 16. Missouri State President Clifton M. Smart III recommended Foucart for the position after a national search was completed. Foucart’s (pronounced FOE-cart) annual salary will be $128,000.
“As interim, Steve essentially had a year-long interview,” said Smart, “and he impressed us all. His knowledge of budgets, his ability to present meaningful data and comparisons, and his experience in negotiating partnerships helped set him apart. Given the financial climate we live in, this is a crucial position for the university and I am confident Steve will add value for many years to come.”
The CFO advises the president on all matters pertaining to the management and operation of accounting, accounts receivable, accounts payable, budget control, bursar, student aid disbursement, budget preparation, financial information systems, credit management, collections, fiscal planning, financial statement preparation, investing, payroll, purchasing, property control, receiving, real estate and risk management/insurance.
Other responsibilities include the accounting and investing of the Missouri State University Foundation and the Missouri State University Development Corporation. The CFO also serves as the treasurer of the Board of Governors.
“It is a privilege to serve Missouri State University, the Board, students, faculty, staff and alumni,” Foucart said. “I am devoted to our purpose of developing educated persons and will always take great pride in being a Bear.”
Foucart was named controller at Missouri State in July 2008. Prior to joining the university, Foucart was the CFO at Willow Brook Foods. He had worked in the food industry from 1985 until Willow Brook was purchased and the Springfield operation was closed. Before that, he was executive vice president and chief operating officer for Sunday House Foods, Inc. from August 1992 to December 1998, and in several positions for Granada Corportation/Granada Foods Corporation from 1985-92. Foucart started his career with Union Texas Petroleum Corporation, serving in several different roles from 1979-85.
Foucart received his bachelor of business administration degree from Texas A&M University in 1979 and his M.B.A. from the University of Houston-Clear Lake in 1983.