Cecil Lucy appointed new chief financial officer at Tuskegee University


TUSKEGEE, Ala. (August 1, 2012) — Certified public accountant and attorney Cecil Lucy has been named chief financial officer by Tuskegee University President Gilbert L. Rochon. Lucy will replace Stephen Martin, vice president for finance and chief business officer, who will retire Dec. 31. 


Before becoming a vice president, Martin served as interim vice president for business and fiscal affairs, and chief financial officer for the university.  He also worked as senior director of internal auditing and risk assessment at the university. While at Tuskegee, Martin's oversight responsibilities included fiscal affairs, capital projects, the physical plant and culinary services operations contracts and the Kellogg Hotel and Conference Center at Tuskegee University management contract. These latter duties are now a function of the new office of vice president for capital projects and facilities services.

Lucy assumed his responsibilities as CFO at Tuskegee today. He has spent several decades in various posts at Chicago businesses. He served as vice president of finance and legal affairs and chief financial officer for the National Black MBA Association from 2006 to 2011. He was controller for Landmark Incentive Marketing from 2004 to 2006. In that position, he re-engineered the accounting system, which led to increased accurate and timely financial and cost accounting. He also conducted a forensic audit of financial information that saved shareholders millions of dollars in federal income tax liabilities.

He served as vice president for finance and chief financial officer for the Citizenship Education Fund from 2001 to 2003. From 1996 to 2001, he was director of financial services and CFO for Ada S. McKinley Community Services. Also, he worked as a certified public accountant and management consultant, and legal intern/attorney and counselor at law for Williams and Williams, LLC and Stanley L. Hill and Associates, P.C., respectively.

From 1986 to 1992, he worked in several positions at Sears, Roebuck and Co. that included: corporate auditor, senior auditor and senior financial administrator. As senior financial administrator, he was responsible for the coordination, implementation and maintenance of the finance, accounting, and   computer systems functions for employee benefit plans. The programs impacted 500,000 employees and retirees, and accounted for annual expenses of more than $2 billion for Allstate, Coldwell Banker, Dean Witter and Sears.

In addition to several years spent in business, Lucy has experience in academia. He has taught undergraduate courses in business law and personal finance for City Colleges of Chicago’s Center for Distance Learning and online graduate courses in accounting issues, auditing, and personal and corporate taxation for the University of Phoenix.

Also, he is a member of the Coyne Institute advisory board, University of Illinois College of Business Alumni Association and Service to Seniors. He previously, served as a local school council member for Beasley Academic Center, a Chicago public school.

Lucy received his law degree, executive master’s in business administration and Bachelor of Science degree in accountancy from the University of Illinois at Urbana-Champaign.

© 2012 Tuskegee University

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