Lisa Frace

Board Member

MSU Senior Vice President, Chief Financial Officer and Treasurer

Lisa Frace is the inaugural senior vice president, chief financial officer and treasurer at Michigan State University, a position she assumed in May 2021. In this role, she is responsible for managing university finances and developing a long-term financial plan in line with the university's strategic priorities. 

Frace has more than 15 years of experience in higher education finance, having held senior positions at the University of California, Davis, and Arizona State University. Before joining higher education, she had over 20 years of experience in private sector industries, with a background in strategic planning, financial management and treasury. 

She has been active in the Western Association of College and University Business Officers (WACUBO), where she has served on the board and in professional development leadership roles, as well as an instructor. She also served on the board of the National Association of College and University Business Officers (NACUBO).

Frace received a bachelor’s degree in health planning and administration and a master’s degree in business administration with concentrations in marketing and finance from Pennsylvania State University. She also attended the executive program through the Darden Graduate School of Business Administration at the University of Virginia.