MaryFrances McCourt will take over as interim CFO beginning Jan. 1, pending approval by the IU Board of Trustees.
IU leaders say it will be a couple weeks before they decide if they want to lease the school's parking operations to a private firm.
CFO Neil Theobald says the move could reduce overall expenses amid rising health care costs and uncertainties in state and federal funding.
Tuition for in state undergraduate students at the Bloomington campus is going up 3.5-percent, and 2.5-percent at all other campuses.
Indiana University’s trustees have approved a tuition and fee hike for the coming two academic years, despite concerns from the school’s student body president.
IU officials say employees of the University’s School of Continuing Studies will keep their jobs for another year, but layoffs may loom after that.
Budget officials say, while the school is currently financially sound, increasing cost and a poor economy could mean IU is heading for rough times.
Indiana University employees are set to receive a salary hike if a proposal before the school’s trustees finds approval Friday.
Indiana University Faculty and staff have organized to raise awareness about the lack of pay increases on campus.
In his first State of University address since 2008, McRobbie spoke of the many things that have changed in Bloomington and the country in the past 16 months.