Vice President, Finance and Administration, 2009-2013 Provided leadership and guidance to administrative units that manage Finance and Accounting, Facilities Operations, Auxiliary Services, Human Resources, Information Technology, Held Equestrian Center, Financial Aid (interim, 2011-12), and Academic Institute Programs (interim, 2011-12) Served as staff liaison to Audit & Compliance, Community Relations, Finance and Business Affairs, Infrastructure, and Investment committees of the Board of Trustees Led recalibration of financial aid packaging parameters leading to >15% increase in net revenue per first year student, 2010-12 Managed transitions after retirements of director-level personnel with over 100 years of combined service in Payroll, Facilities Operations, and Information Technology, 2010-12 Negotiated changes to banking relationships including renewal of letter of credit, revision of swap portfolio, change in remarketing agent, and securing lines of credit, 2011-12 Led reassessment of dining and hospitality operations resulting in change from self-operation to a contract provider and improved student satisfaction, 2010-11 Led facilities improvement projects emanating from Campus Master Plan for athletics and library/learning commons, summer 2011 Led facilities improvements project for dining hall, 2012-13 Worked with faculty Budgets, Salaries & Benefits committee and the Provost, developed new annual departmental budget process, 2010-11 Developed early retirement plan for faculty and professional librarians, spring 2010 Coordinated completion of Campus Master Plan approved by Board of Trustees, October 2009 Participant in CIC Presidential Vocation and Institutional Mission program, 2012-13 Participant in NACUBO new business officers course, summer 2009 Director, Carl A. Gerstacker Institute for Business and Management, 2006-2009 Led development of curricular, co-curricular, and experiential programs for 220 member honors undergraduate management program Recruited and mentored students Developed and maintained external relationships to facilitate internship and career placement opportunities and secure resources Improved student academic performance and accountability Worked with Visiting Committee advisory group and other business executives Developed exchange relationship with ESCIA, Cergy-Pontoise, France Completed program self study and external review, 2009 Served as external reviewer, DePauw University “Management Fellows Program,” spring 2006 Frandsen
Assistant Professor of Management, 2004-2009 Taught undergraduate courses in management, accounting, finance, entrepreneurship, and statistics Received “Students’ Choice Award” as faculty member of the year from Student Senate, 2006 2006
Colorado College, Colorado Springs, CO Invited Visiting Assistant Professor of Business, Summer 2006 Taught undergraduate intensive business course for liberal arts majors
1999-2004
Juniata College, Huntingdon, PA Assistant Professor of Business Administration and Information Technology Taught undergraduate courses in business, accounting, finance, statistics, and project management Coordinated “Innovations for Industry” multi-semester team and projectbased consulting course
1996-98
University of Texas at Austin, Austin, TX Teaching/Research Assistant, Management Department
1997
St. Edward's University, Austin, TX Adjunct Instructor in Business Administration, Summer 1997 Taught graduate (MBA) course in finance
1994-96
Pennsylvania State University, University Park, PA Adjunct Instructor in Finance, Fall 1994-Spring 1996 Taught undergraduate courses in finance Adjunct Instructor in Health Policy and Administration, Spring 1994 Taught graduate (MHA) course in finance
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CORPORATE and OTHER EXPERIENCE 1998-99
Nortel Networks, Richardson, TX Finance Manager, Enterprise Global/Strategic Accounts, April 1998-June 1999 Responsible for financial control for $1B sales unit serving top 300 customers Guided development of incentive compensation plan to transition from revenue to margin driven and to promote sales of new products Improved sales tracking and customer profitability reporting Recognized with division VP’s “Phoenix” award and as part of sales force’s “Circle of Excellence”
1990-96
Chemcut Equipment Group - Atotech USA, State College, PA (owned by Schering AG, Germany, then Elf Aquitaine, France) Materials Manager, July 1995-August 1996 Member of division leadership team responsible for operations planning, inventory control, shipping/receiving, purchasing, and cost estimating Led team in streamlining supplier base and improving inventory accuracy resulting in significant savings Supervisor of Business Planning and Reporting, July 1990-June 1995 Responsible for development of division annual budget and long-term financial strategic plans, internal financial reporting, cost accounting, and reporting to parent company and external entities Oversaw “waste elimination” restructuring project for entire finance area through which service was improved and staff was reduced from 13 to 8 Developed scenario plans for division-wide restructuring options Analyzed capital investment proposals Developed customer profitability reporting framework Served on parent company ad hoc due diligence team for possible sale
1986-90
HRB Systems (now Raytheon), State College, PA Advanced Cost Analyst, April 1988-July 1990 Responsible for development of multi-million dollar multi-year classified government contract cost proposals Developed internal parametric cost estimating model and utilized commercial models for hardware R&D projects Developed government approved (DCAA) model for costing of low value electronic components Served on ad hoc due diligence teams for acquisitions and sales
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Cost Analyst, June 1987-March 1988 Responsible for development of multi-million dollar multi-year classified government contract cost proposals Worked with commercial parametric cost estimating models for hardware and software development Monitored cost performance of contracts in progress Financial Specialist, March 1986-May 1987 Selected for rotational leadership development program with assignments in all areas of the finance division Saved the company more than $1M through reanalysis of state income tax filings 1980-92
Knoxville West Side YMCA, Knoxville, TN Colorado Rapid Swim Team, Aurora, CO Nashville Aquatic Club, Nashville, TN State College Area YMCA, State College, PA Swimming Coach Worked with athletes from novices to Olympic Trials qualifiers in full-time professional and part-time paid and volunteer positions Selected to staff, United States Swimming national age group development camps (Colorado Springs, 1984; Tuscaloosa, 1985)
EDUCATION Ph.D.
University of Texas at Austin, Austin, TX Management (concentration Strategic Management) May 2003 Dissertation - "CEO Succession and Stockholder Reaction: Do Demographic Characteristics Matter?" (Supervisors - Victor Arnold and James Fredrickson)
M.B.A.
Pennsylvania State University, University Park, PA Quantitative Business Analysis May 1990, with Program Honors Honors thesis - "Evaluation of Cost Estimating Relationship for Low-Value Electronic and Electromechanical Components in Digital Circuit Card Assemblies" (Supervisor - Duncan Fong)
B.S.
Pennsylvania State University, University Park, PA Finance December 1983, with Distinction
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COMMUNITY INVOLVEMENT Member (elected), Homestead Savings Bank board of directors, 2011-present; vice chairman, 2013-present Member (Mayoral appointment), Albion Economic Development Corporation board of directors, 2008-present; vice chairman, 2011-12; chairman, 2013-2014 Member, Forks Associates board of directors, treasurer, 2012-2014 Member (elected), Albion Chamber of Commerce board of directors, 2008-2013 Member, Festival of the Forks advisory committee, 2007-08 Chair, Finance Committee, Stone Church of the Brethren, 2002-04 Team Leader, State College YMCA Capital Campaign, 1992-93 PROFESSIONAL AND CAMPUS SERVICE To the Profession: Speaker (invited), AALI Senior Leadership Academy, “The Cabinet and Business Affairs.” Baltimore, November 2015 and New Orleans, November 2016. Member (invited), Collective Purchasing Task Force, Michigan Colleges Foundation, 2012-2014 Member (invited), Student Trust, Educational & Institutional Insurance Administrators, 20122014 Member (invited), Advisory Council, Educational & Institutional Insurance Administrators, 2010-2014 Participant (invited), "Envisioning Business Programs in Liberal Arts Worlds", Kemper Foundation sponsored summit, Southwestern University, TX, November 2006 Reviewer, Midwest Academy of Management annual meetings, Chicago, October 2006 Member (invited), Principles of Management advisory board, Houghton-Mifflin, 2006-09 Reviewer (invited), “Essentials of Modern Business Statistics,” Thomson/Southwestern, Fall 2004 Reviewer, Business Policy and Strategy division, Academy of Management annual meetings – New Orleans, August 2004; Honolulu, August 2005; Reviewer, Management Education Division, Academy of Management annual meetings Toronto, August 2000; Washington, August 2001; Denver, August 2002; Chicago 2009 Trustee, Tau Pi Phi, national Business and Economics honorary, 2000-01 To the Campus: Member, Strategic Planning Steering Committee, Oberlin College, 2014-present Convener, Strategic Planning Budget Sub-Group, Oberlin College, 2015-present Member, Director of Career Center search committee, Oberlin College, 2015-present Chair, Vice President for Finance and Administration search committee, Albion College, 2014 Chair, Institute for Premedical Professions and Health Sciences director search committee, Albion College, 2011-12 Member, Vice President for Enrollment Management search committee, Albion College, 201112 Member, Campaign Exploratory Committee, Albion College, 2010-11 Member, Gerstacker Institute for Business and Management director search committee, Albion College, 2010-11 Member, Institutes Implementation Team, Albion College, 2009 Frandsen
Member, Curriculum Reform, Innovation and Transformation Research Team, Albion College, 2008-09 Member, Economic and Community Development Research Team, Albion College, 2007-08 Member, Off-Campus Programs Task Force, Albion College, 2007-08 Member, Business Manager search committee, Albion College, 2007 Member, Health Care Task Force, Albion College, 2006-07 Member, Vice President/CFO search committee, Albion College, 2006 Member (elected), Budgets, Salaries and Benefits Committee, Albion College, 2005-06 Member, Trustees’ Ad Hoc Committee on Financial Modeling, Albion College, 2005-06 Member, Off-Campus Programs Advisory Committee, Albion College, 2005-09 Member, Academic Skills Center Advisory Committee, Albion College, 2005-06 Advisor, Water Polo club, Albion College, 2004-06 Member (elected), Executive Committee of the faculty, Juniata College, 2003-04 Interim Advisor, Juniata College Golf Club, Fall 2003 Member, Academic Judicial Board, Juniata College, 2001-04 Faculty Representative (elected), Business Affairs Committee, Juniata College Board of Trustees, 2000-02 To the Department: Colony/Chapter Advisor, Delta Sigma Pi business fraternity, Gerstacker Institute/Economics and Management department, Albion College, 2007-09 Assessment grant to administer the Major Field Achievement Test in Economics, Economics and Management department, Albion College, 2004-06 Chapter Advisor, Omicron Delta Epsilon honor society, Economics and Management department, Albion College, 2005-06 Internship Coordinator, Accounting, Business and Economics department, Juniata College, 2003-04 International Student Advisor, Accounting, Business and Economics department, Juniata College, 2001-04 Administrator, Major Field Achievement Test in Business, Accounting, Business and Economics department, Juniata College, 2001-04 Internship Coordinator, Information Technology department, Juniata College, 2001-04 Web Editor, Accounting, Business and Economics department, Juniata College, 2000-04
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PAPERS and PRESENTATIONS Journal Articles Deeds, David L., Mang, Paul Y. and Frandsen, Michael L. "The Influence of Firms’ and Industries’ Legitimacy on the Flow of Capital into High Technology Ventures." Strategic Organization, 2(1): 9-34, February 2004. Conference Papers and Presentations Frandsen, Mike. “The Cabinet and Business Affairs.” Invited presentation at the Senior Leadership Academy of the American Academic Leadership Institute, Baltimore, MD, November 2015 and New Orleans, LA, November 2016. Kurz, Kathy and Frandsen, Mike. “Data-Driven Planning and Budgeting for Net Tuition Revenue.” Refereed paper presented at the NACUBO Planning and Budgeting Forum, Denver, CO, September, 2014. Piccioli, Mary and Frandsen, Michael. “The New Finance and Enrollment Partnership: Don’t Play Hard to Get.” Invited presentation at RuffaloCODY Enrollment Management Conference, Denver, CO, July 2013. Frandsen, Michael, Stimpert, Larry, and Godwin, Lindsey. “Teaching Business in Liberal Arts Institutions.” Panel convener for the annual meetings of the Academy of Business Education, Hilton Head, SC, September 2008. Perry, John and Yao, Xin organizers. “How CEOs’ Behaviors and Motivations Impact Their Companies.” Invited caucus participant at the annual meetings of Academy of Management, Philadelphia, PA, August 2007. Frandsen, Michael L. and Fredrickson, James W. “Does it Matter Who's the Boss? Investor Reactions to a new CEO's Characteristics.” Refereed paper presented at the annual meetings of the Academy of Management, Atlanta, GA, August 2006. Frandsen, Michael L. “Management and the Liberal Arts.” Lead organizer for professional development workshop at the annual meetings of the Academy of Management, Atlanta, GA, August 2006. Frandsen, Michael L. “Beyond Planning, Organizing, Leading and Controlling.” Refereed paper presented and included in the Proceedings of the annual meetings of the Academy of Business Education, San Antonio, TX, April 2006. Cherry, Bennett, Frandsen, Michael, and Meilich, Ofer. “Teaching with Toys – Bringing Fun Into the Classroom.” Refereed symposium at the Western Academy of Management (WAM) meetings, Girdwood, AK, April 2004.
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Frandsen, Michael L. and Rhodes, Loren K. “Local Industry - Student Team Collaboration on IT Projects: Experiences with a Multi-Semester Experiential Learning Course Sequence.” Invited paper presented and included in the Proceedings of the Information Systems Education Conference (ISECON), San Antonio, TX, November 2002. Johnson, Dennis L. and Frandsen, Michael L. “Campus IT Structuring in Support of Academic IT – The Small School Advantage.” Invited presentation at the Penn State IST Faculty Academy, University Park, PA, July 2002 Rhodes, Loren K., Frandsen, Michael L., Johnson, Dennis L., Weimer, Donna S., and Fusco, David J. “An Information Technology Program for a Small Liberal Arts College: An Interdisciplinary Approach.” Refereed paper presented and included in the Proceedings of the Information Systems Education Conference (ISECON), Cincinnati, OH, November 2001. Frandsen, Mike, Rhodes, Loren, Weimer, Donna, Johnson, Dennis and Fusco, Dave. “Management + Communication + Technology = Innovations for Industry: A Collaborative Program in Information Technology.” Refereed paper presented and included in the “Theme Resource” of the Organizational Behavior Teaching Conference (OBTC), James Madison University, Harrisonburg, VA, June 2001. Deeds, David L., Mang, Paul Y. and Frandsen, Michael L. "The Quest for Legitimacy: A Study of Biotechnology IPOs." Refereed paper presented at the annual meetings of the Academy of Management, Boston, MA, August 1997. Sponsored Student Research Presentations and Papers Krieg, Amy M. “Executive Compensation: Aligning Executive and Shareholder Interests.” Albion College FURSCA summer research project, 2005. Hyjurick, Nicole D. “Impression Management and Letters to Shareholders: How Corporations Use Impression Management to Influence Perceptions.” Refereed paper presented at the National Conference on Undergraduate Research (NCUR), University of WisconsinWhitewater, Whitewater, WI, April 2002.
PROFESSIONAL ASSOCIATION MEMBERSHIPS National Association of College and University Business Officers
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