2011 WOMAN OF INFLUENCE: Marsha Stone

Back to TopCommentsE-mailPrintBookmark and Share

Chief Financial Officer, Indianapolis Airport Authority

Sphere of Influence: This airport executive led the financing for the new terminal and is shaping local economic development by attempting to increase nonstop flights into Indianapolis. Active in the industry on a national level, she is helping redefine aviation at a critical point in its history.

The aviation industry is in turmoil, and Marsha Stone is in the thick of it. But she wouldn’t have it any other way.

“I love the atmosphere, the environment, the energy. It’s just a sexy industry,” said Stone, 44, chief financial officer of the Indianapolis Airport Authority.

She led the financing for the $1 billion terminal that opened three years ago, an experience that she called “the opportunity of a lifetime.” It involved securing funding from the Federal Aviation Administration as well as arranging for six municipal bond issues.

stone-marsha01-15col.jpg (IBJ Photo/ Perry Reichanadter)

Then, last year she successfully negotiated a comprehensive and groundbreaking five-year use agreement with all the airlines that serve the airport. The agreement has been hailed nationally as a new approach to working with airlines as business partners.

In the midst of rising fuel prices and airline consolidation, Stone has the difficult charge of trying to lure more airlines here and increase the number of nonstop flights to Indianapolis.

“It’s challenging. I’m not saying it’s easy,” Stone said. “But it’s so dynamic and fascinating.”

Among her other responsibilities are overseeing human resources for the authority’s 550 employees and generating more revenue from concessions, parking and other sources. One of the more creative new revenue streams is a solar farm to begin construction soon on airport property. The 60-acre farm will be one of the largest of its kind in the country.

Stone is active in the industry nationally. Last year she chaired the Airports Council International-North America Finance Committee and continues as an official representative within the organization. That role will give her a voice in setting policy for the entire industry.

Stone never envisioned a career in the transportation field. She started her career as an auditor for George S. Olive & Co., and the airport was one of her first clients. She said the weeks she spent at the airport were always the highlight of her year. When a position opened up there, she jumped at the chance to apply. She served as a staff auditor, assistant finance director and finance director before being named CFO in 2008.

The job has taught her not to sweat the small stuff, which can be a challenge for financial types, she said. She used to spend hours on a problem that she later realized was not worth the effort.

“You have to learn to pull yourself out of the detail and not get lost in the trees,” Stone said. “I’ve learned to make sure you get policy and strategy right and try not to get bogged down in minutiae.”

Being CFO has given her new appreciation for how critical employees are to the success of the airport. She has introduced a number of initiatives to develop staff and recognize their achievements.

Stone is aviation co-chairwoman of the 2012 Indianapolis Super Bowl Host Committee, a member of the current class of the Stanley K. Lacy Executive Leadership Series, and a member of the IU Health West Hospital board. A lover of performing arts, she also sits on the board of The Cabaret.

Stone, a Hendricks County native, is single and has a daughter, Madison, 13, and a son, Mitchell, 10. To relax, she listens to music and practices yoga.•


Click here to return to the Women of Influence landing page.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!