April 11, 2013
The Albion College Board of Trustees has announced that Michael Frandsen, Albion’s vice president for finance and administration since 2009, will become interim president July 1. He will serve in this role following the move of Albion President Donna Randall to the College’s chancellorship at the end of June.
“Mike Frandsen is an astute financial manager who also brings a broad knowledge and appreciation of academic affairs to this position, given his experience as both a former academic administrator and faculty member,” said board chair Paul Tobias. “We know that he will provide outstanding leadership for the College.”
Before heading the College’s business operations, Frandsen directed Albion’s Carl A. Gerstacker Institute for Business and Management for three years. He came to Albion as an assistant professor of economics and management in 2004, after having taught at Juniata College in Pennsylvania for five years. Prior to his academic career, Frandsen worked in corporate finance roles for multinational companies in the defense, chemical, and telecommunications industries.
He holds B.S. and M.B.A. degrees from Pennsylvania State University and a Ph.D. from the University of Texas at Austin with an emphasis in strategic management.
During his tenure at Albion, Frandsen has served on campus task forces on curricular reform and financial modeling, and he coordinated the College’s Student Entrepreneurial Exchange program with ESCIA, a business school near Paris, France. In the Albion community, he chairs the Board of Directors of the Albion Economic Development Corporation, and is a member of the Homestead Savings Bank and the Greater Albion Chamber of Commerce boards.
“I look forward to working with Mike to ensure a smooth transition as we move forward,” Randall said. “Mike’s experience as part of Albion’s executive team and his close working relationship with board members on financial matters means that he is eminently prepared to assume the interim presidency.”
Albion College has begun the search for its 16th president to succeed Randall. Frandsen will serve as interim president until the new president takes office.