Steve Foucart Named Permanent CFO at Missouri State

SPRINGFIELD, Mo. -- Steve Foucart, interim chief financial officer at Missouri State University for the past year, was named permanent CFO at the university. He begins his duties April 1.

Foucart's appointment was approved by the Board of Governors Executive Committee during a meeting Wednesday 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 annual salary will be $128,000.

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.

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.


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