(Indianapolis, Indiana) Strada Education NetworkSM, an Indianapolis-based national nonprofit, announces the appointment of Matthew (Matt) B. Murphy III as executive vice president and chief financial officer “elect.” He will work together with Strada Education’s current Executive Vice President and CFO, Steve Ham, to lead the finance, accounting, audit and treasury functions for Strada Education Network until Ham’s retirement later this year ensuring a seamless transition for the organization.
Murphy has extensive experience in financial management, investment strategy, mergers and acquisitions, operations, and business development from his 31-year career with several large Indianapolis-based companies. In 1996 he joined Mays Chemical, where he worked in progressive leadership roles spanning business development, finance and administration, investments and corporate development, and strategy.
In addition to his professional positions, for more than 20 years, Murphy has been a governor appointee to boards overseeing the Indiana Health Facility Financing Authoring, Indiana State Teachers Retirement Fund, Public Employee Retirement Fund of Indiana, and the Indiana Secondary Market for Education Loans Inc.
Murphy joins Strada Education Network, formerly USA Funds®, on Sept. 11 as the organization transitions to a new business model to accelerate its impact on the challenges facing higher education and workforce development today. Building on 57 years of supporting college access and student success, USA Funds recently exited its historic role helping more than 22 million students and parents pay for college as one of the nation’s leading federal student loan guarantors. In March, the company launched a new chapter as Strada Education Network, a national nonprofit dedicated to improving lives by strengthening the pathways between education and employment.
“We are pleased to welcome Matt to the Strada Education family,” said William D. Hansen, Strada Education president and CEO. “Matt’s expertise in finance and leadership across the public and private sectors will be critical as we engage partners across education, nonprofits, business and government to advance Completion With a Purpose® — building a more purposeful path for America’s students to rewarding careers and fulfilling lives. We also share Matt’s deep commitment to community service and look forward to continuing our long history of Indianapolis-based engagement with his leadership.”
In addition to his work with Mays Chemical, Murphy spent 10 years with Huntington National Bank of Indiana, where he became senior vice president of Corporate Lending, Marketing and Business Development. He also serves as chief operating officer and principal at BWI, a holding company with entities that provide real estate development/consultation for affordable housing projects, property/asset management, construction management and electrical construction.
He holds a bachelor’s degree in management and administration from the Indiana University Kelley School of Business, where he serves on the advisory board for the Johnson Center for Entrepreneurship & Innovation. Murphy also is a member of the Lynx Capital Corp. board and investment committee and the boards of Monument Capital Partners, Heron Capital Venture Fund and the Community Investment Fund of Indiana Inc.
Murphy has received the Coalition of Minority Business Development and Indy Chamber William Henry Entrepreneurial Achievement Award as well as the Center for Leadership Development Minority Achievement Award in Finance. Indianapolis Business Journal also named him to its list of “Forty Under 40” professionals.