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Oklahoma State University

OSU’s School of Accounting will honor five at Wilton T. Anderson Hall of Fame Banquet

Monday, March 25, 2019

From left, E. William Gray Jr., Jane Chasteen, Lanny Chasteen, Craig Boelte and William Barnes will be recognized by the School of Accounting at the 2019 Wilton T. Anderson Hall of Fame and Awards Banquet.

Oklahoma State University’s School of Accounting will honor five outstanding alumni and friends of the department during the 2019 Wilton T. Anderson Hall of Fame and Awards Banquet April 18 at the ConocoPhillips OSU Alumni Center.

This year’s inductees into the Wilton T. Anderson Hall of Fame are:

  • William Barnes, who earned his bachelor’s degree in accounting in 1976 from OSU, is a retired energy industry financial executive.
  • Craig Boelte, who earned two degrees from OSU, a bachelor’s in business administration (1985) and a master’s in accounting (1986), is Paycom’s chief financial officer and serves as its secretary and treasurer.
  • E. William Gray Jr., a two-time OSU graduate, earning both bachelor’s (1972) and master’s degrees in accounting (1973), is a retired chief financial officer of a construction firm.

Distinguished Friends of the School of Accounting honorees are:

  • Lanny and Jane Chasteen spent a good portion of their lives at OSU where Lanny was a member of the accounting faculty for 39 years, including serving 14 years as head of the department.

“This group of inductees is truly outstanding,” said Audrey Gramling, head of the School of Accounting. “During my short tenure at OSU, I have come to appreciate that our accounting program is a cornerstone program. I have also come to realize that successful accounting programs stand on a foundation of excellence that has been provided to us due to the hard work of many.

“It is a pleasure to be able to recognize the hard work and many accomplishments of each of these individuals and the role they have played in building the future of accounting at OSU. I look forward to celebrating these five individuals at the prestigious Wilton T. Anderson Hall of Fame and Awards Banquet.”

Barnes joined a startup oil and gas company, Vintage Petroleum Inc., as its vice president of finance in 1983. He served in several executive roles — senior vice president and chief financial officer beginning in 1990 and executive vice president beginning in 1994 — and was a member of the board of directors for 19 years.

Prior to joining Vintage, Barnes was an audit manager with Arthur Andersen & Co., where he dealt primarily with clients in the oil and gas industry. He is a CPA and member of the American Institute of CPAs, Oklahoma Society of CPAs and Financial Executives International.

Barnes serves on the OSU Foundation Board of Governors and was chosen in 2014 for the Spears School Tributes: 100 for 100. Now retired, he manages personal investments and is a trustee of his family’s charitable foundation.

Boelte has more than 32 years of experience in various facets of accounting, human resources and workforce management. At Paycom, he helped take the company public in 2014 and Fortune magazine named Paycom as one of the five fastest-growing publicly traded companies in the world in 2018.

Boelte has helped Paycom achieve a compound annual growth rate of 39 percent (2015-2018) and increase its adjusted EBITDA from $12.8 million in 2012 to $240.9 million as of Dec. 31, 2018. In 2016, Boelte was honored by The Journal Record with the Financial Stewardship Award, which honors business leaders who demonstrate great leadership and dedication to their companies and communities.

Before joining Paycom, he owned an accounting practice and had spent nine years at Deloitte & Touche, where he served as a senior tax manager. Boelte is a member of the Oklahoma Society of CPAs and the American Institute of CPAs, and serves on the board at Allied Arts.

Gray began his career in 1974 with Peat Marwick Mitchell in Tulsa before joining the Williams Co., where he worked in various financial roles at corporate and a subsidiary company, Agrico Chemical. He was promoted to Williams’ assistant controller in 1984.

He moved to Portland, Oregon, as the corporate accounting manager for Cavenham Forest Industries in 1987, and six years later became the firm’s controller. In 1997, Gray joined JH Kelly, a large industrial mechanical contractor, as controller and was promoted in 1999 to vice president and chief financial officer. He retired in 2008.

Lanny and Jane Chasteen spent nearly 40 years in Stillwater, both working in education — Lanny for 39 years at the OSU School of Accounting and Jane for 21 years at Will Rogers Elementary School in Stillwater. She retired in 2004, he in 2008.

At OSU, Lanny received numerous teaching awards, including twice winning the Oklahoma Society of Certified Public Accountants Outstanding Educator Award (1990 and 2007). He also won the Faculty Award of Merit from the Federation of Schools of Accountancy (1999).

He wrote numerous articles in a variety of  publications, and co-authored six editions of Intermediate Accounting, 1984-1998. In 2006, the Lanny G. Chasteen Endowed Chair in Accounting was established by OSU accounting alumni and friends. In addition to teaching at OSU, he was a lecturer in accounting at Rice University for five years and a summer visiting professor at the University of Texas at Austin, Texas Tech, University of Texas at Arlington and the University of Tulsa.

Lanny is a member of the Beta Gamma Sigma and Beta Alpha Psi honorary and professional societies, and the American Accounting Association and American Institute of CPAs. He is a former member of the Oklahoma Society of CPAs, Accounting Programs Leadership Group (AAA), Federation of Schools of Accountancy, Financial Executives Institute and the Association to Advance Collegiate Schools of Business International.

He earned his bachelor’s degree from the University of Texas and his master’s and doctoral degrees from the University of Arkansas.

Jane earned a bachelor’s degree from OSU in 1983 and was hired as a library assistant at Will Rogers Elementary. She was promoted to library media specialist, a position she held from 1988 to 2004. She was honored as the Will Rogers Elementary Teacher of the Year in 1992 and 2004.

While working, Jane was involved in numerous professional and service activities, including memberships in the Oklahoma Education Association; Stillwater Education Association treasurer (1998-2002); Oklahoma Library Association; National Education Association; OSU Lahoma Club; Cimarron Reading Council; Kappa Kappa Iota secretary (1989-1992) and president (1990-1992); several positions at Will Rogers including special faculty representative on PTA executive board, courtesy committee treasurer, career education committee representative and chairman of the adopt-an-author program; Richmond Elementary School Media Center, in charge of selecting new books and materials, and Encyclomedia XI presenter.

Both Lanny and Jane were active members of Highland Park United Methodist Church in Stillwater, serving in a variety of roles including Sunday school teachers, president of the preschool program and vacation bible school teacher.

For more information, contact Sarah Johnson ( or 405-744-8046).

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