For release: 01/08/04
Release #: 04-005
Susan C. Foster has been named chief financial officer at the Marshall Center, responsible for formulating, executing and managing an annual budget of some $2.3 billion. Foster also has been appointed to the Senior Executive Service, the personnel system that covers most top managerial, supervisory and policy positions in the federal government.Photo: Foster (NASA/MSFC)
Susan C. Foster has been appointed chief financial officer at the Marshall Space Flight Center in Huntsville , Ala. She succeeds David K. Bates, who has accepted an assignment as chief financial officer for the Office of Space Flight at NASA Headquarters in Washington .
Foster also has been appointed to the Senior Executive Service, the personnel system that covers most of the top managerial, supervisory and policy positions in the federal government.
In her new position, Foster will be responsible for formulating, executing and managing an annual Marshall Center budget of approximately $2.3 billion, and managing an organization of more than 240 civil service and contractor personnel.
Foster also will be responsible for implementing full-cost accounting practices at the Marshall Center, a financial management system that requires government organizations to operate more like private businesses. Full-cost accounting requires expenses to be associated with an activity or project, provides more efficient budget data for management analysis and reporting, and eliminates multiple budget systems — thereby reducing maintenance costs.
"I look forward to working with the Marshall team to implement this new financial system," Foster said. "Adopting full-cost accounting is a challenge for all federal agencies, but in these times of limited resources we have to make sure we're spending money in the right places — not only today, but in the future as well."
Foster comes to Marshall from the Department of the Army in Washington , where she was a division chief in the Office of the Deputy Chief of Staff for Operations and Plans. She has more than 24 years experience in government and private sector financial resource
planning and management, and served as a financial and management instructor at the Army Management Staff College in Fort Belvoir , Va.
Foster earned a bachelor's degree in business management from Troy State University in Troy , Ala. , and a master's degree in systems management from the University of Southern California in Los Angeles . She has pursued doctoral studies at George Mason University in Fairfax , Va. , is a graduate of the Army War College in Carlisle Barracks, Pa. , and has completed numerous financial management and leadership courses.
Foster received the Meritorious Civilian Service Award, the second highest Department of the Army honorary award — given to employees who have established a pattern of excellence — from her previous employer. She was named to Who's Who in American Women and is a member of the Civilian Advisory Board for the Association of the U.S. Army.
A native of Hartford , Ala. , Foster graduated from Geneva County High School in Hartford . She is married to Donald Wilson and the couple has one son and a granddaughter.
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