Board of Regents Members

Members (in alphabetical order)

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Regent Fran Albrecht


Fran M. Albrecht  (Vice Chair)

Term Expires February 1, 2019
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Fran Albrecht is the executive director of Providence Montana Health Foundation, supporting superior healthcare and the compassionate missions of St. Patrick Hospital and St. Joseph Medical Center serving thousands of individuals across Western Montana. For over 17 years, Albrecht was executive director for Watson Children’s Shelter in Missoula, a private non-profit that provides safe, nurturing care for Montana children who have experienced physical or sexual abuse, neglect, abandonment or family crisis. Albrecht recently served as an adjunct instructor teaching Nonprofit Administration and Public Service and Advanced Nonprofit Administration in the Davidson Honors College at The University of Montana. She earned a Bachelor of Arts degree with double majors in Psychology and Sociology from Gonzaga University and a Master of Education in Early Childhood from MSU-Billings, both with honors. Albrecht has served in various leadership positions, including past president of the Rotary Club of Missoula, Missoula Chamber of Commerce Board, First Interstate Bancsystem Foundation Board, Leadership Missoula, Missoula Public Schools 21st Century Model for Change and others. She continues to serve with the Chamber Ambassadors, Loyola Sacred Heart Foundation Board, First Interstate Bank Advisory Board and is an active Rotarian. Albrecht has been recognized as a nonprofit leader and speaker, providing advisement to nonprofits in varying stages of development and is frequently requested for advisement with capital campaigns, board development, public relations, leadership, strategic planning and effective marketing. A native of Great Falls, Fran is married to Chris Albrecht, a Montana Tech graduate, and they reside in Missoula with their two children.

Regent Bill Johnstone


William Johnstone

Term Expires February 1, 2017
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William A. Johnstone is Chairman and Chief Executive Officer of Davidson Companies, an employee-owned financial services holding company based in Great Falls, Montana. Mr. Johnstone joined D.A. Davidson & Co. as President of that firm in 2000, and became President and CEO of Davidson Companies in 2004.

Mr. Johnstone is Chairman of the Securities Industry and Financial Markets Association’s (SIFMA) board of directors and a member of the Regional Firms CEO Roundtable Group of SIFMA. He was appointed by Montana’s governor to serve as a member of the state’s Board of Regents and is Co-Chairman of Main Street Montana, a statewide economic development initiative. He also serves as a board member of the International Heart Institute in Missoula, Montana and on the Advisory Board of the Minnesota Law School Corporate Law Institute, and until recently was Chairman of the Great Falls Public Schools Foundation. Additionally, he has a long history of service with a number of other local, state and national boards.

Prior to joining Davidson Companies, Mr. Johnstone was Managing Partner at Dorsey & Whitney LLP, a Minneapolis-based, international law firm and the same law firm where he began his career. He served as Vice Chairman of the investment firm Dain Rauscher Inc. in Minneapolis, Minnesota during the 1990s after previously serving as President and CEO of Rauscher, Pierce & Refsnes Inc., an investment firm in Dallas, Texas.

A native Montanan, Mr. Johnstone earned a bachelor’s degree, with honors, from Montana State University in 1966, with honors. He earned a juris doctorate degree, magna cum laude, from the University of Minnesota Law School in 1969 and was an editor of the University of Minnesota Law Review. He has served as an adjunct professor of law at the University of Montana Law School, the University of Minnesota Law School, and William Mitchell College of Law.

Regent Jeff  Krauss

Jeffrey Krauss

Term Expires February 1, 2015
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Jeff Krauss is currently in his third term as the Mayor of Bozeman, MT. He is the director of finance and administration for the Museum of the Rockies. He served four years as Gallatin County Treasurer. Krauss also worked as an accountant with King Tool Inc. and Deloitte and Touche. He was a member of the Bozeman Local Government Study Commission 1994-96. He recently led a successful effort to pass a Gallatin College mill levy and was Co-Chair of the successful Gallatin County Open Space Bond effort in 2004. He has served in leadership posts with the Montana County Treasurer’s Association, Montana Conservation Corps, Bozeman Noon Rotary Club, Vigilante Theater and the Gallatin County Community Development Block Grant board.

Krauss has a B.S. in business administration from Montana State University, and received the A.L Strand award for a “non-traditional student showing concern for people through campus or community service and exemplifying leadership and scholastic achievement.”

Jeff and Peggy Krauss have been married since 1986. They have raised two sons who both attend Montana State University.

Regent Martha Sheehy


Martha Sheehy

Term Expires February 1, 2021
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Martha Sheehy is a Billings-based attorney who earned undergraduate and law degrees from the University of Montana in 1985 and 1988, respectively. She has served as president of the State Bar of Montana, on numerous state and federal justice committees and a number of social services boards. Sheehy graduated from UM in 1985 with a bachelor's degree in history with honors and from UM Law School in 1988 as first in her class. She has practiced law in Billings since 1988, the last 15 years at her own Sheehy Law Firm. She has had a focus on constitutional law, contract issues, insurance law and media law, including representing the Billings Gazette and Bozeman, Chronicle in right-to-know cases. She also served on the boards of the Billings YMCA and Youth Dynamics.

Regent Paul Tuss

Paul Tuss (Chair)

Term Expires February 1, 2020
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Paul Tuss serves as the Executive Director of Bear Paw Development Corporation in Havre, a federally-recognized, nonprofit Economic Development District in northern Montana that covers 17,665 square miles, five counties and two Indian Reservations with a total population of approximately 35,000 residents. He previously worked for five years as the Executive Director of Glacier County’s economic development organization, an area that includes Glacier National Park and the Blackfeet Indian Nation.

He is Past President of the Montana Economic Developers Association, Past Chairman of the Montana State Employers Council and is a member of the Montana Economic Development Advisory Council and Judicial Nomination Commission. He serves as a member of the Board of Directors for the Montana Nonprofit Association, Montana Cooperative Development Center and Northern Montana Hospital. Paul previously held gubernatorial appointments to the Tourism Advisory Council and the Montana Heritage Commission.

Prior to his appointment as a member of the Board of Regents, Paul served as a member of the President’s Advisory Council for the University of Montana and as an Advisory Board member for the Bureau of Business and Economic Research at the University of Montana. He served as a member of the Cabinet for the MSU-Northern Foundation’s Capital Campaign and was a member of the Presidential Search Committee for Montana State University that resulted in Dr. Waded Cruzado becoming President of MSU.

Paul has served as Aide to the Speaker of the Montana House of Representatives, Assistant Secretary of the Montana Senate and was a candidate in 2000 for Montana Secretary of State. A native of Anaconda, he is a graduate of the University of Montana, is married to Pamela Hillery and has two children, Dolan and Caroline.

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Asa Hohman (Student Regent)

Term Expires June 30, 2016
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Photo and bio coming soon....

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