Indianapolis software firm OnBoard names new CEO
Indianapolis-based software company OnBoard has hired Marc Huffman, a 25-year industry veteran, to lead the company, succeeding founding CEO Paroon Chadha.
Executives
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Former Old National CFO, on leave following criminal charges, parts ways with bank
Old National, the largest bank based in Indiana, placed CFO Brendon Falconer on leave in April after he was charged with two counts of child molestation.
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IBJ Podcast: New AES prez on goals, growing up in Indy and the system upgrades that led to billing mess
Brandi Davis-Handy discusses the customer billing issues, the challenges of growing the business and the company’s final push to eliminate coal as a source of energy for creating electricity.
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Women’s share of exec jobs falls for first time in years, study finds
The stalling of women’s progress in the upper echelons of corporate America is “troubling,” said Ellen Kossek, professor of management at Purdue University. “We’re moving backward,” she said.
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Longtime Indianapolis business leader Jerry Semler dies at 86
Semler, who spent almost a quarter-century in executive leadership at American United Life Insurance Co. and served as a board director for a multitude of central Indiana civic, business, charitable and arts organizations, died Monday.
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Articles
Carmel-based Merchants Bank hires new CFO
Merchants Bank’s new chief financial officer, Sean Sievers, comes to the Carmel-based bank after holding similar positions at some of the nation’s largest banks and mortgage lenders.
Lilly names new chief financial officer
Lucas Montarce, who has been with Lilly since 2001 and most recently served as president for its Spain, Portugal and Greece operations, is now the company’s CFO and executive vice president.
Lilly CFO Ashkenazi leaving to take job at Google parent Alphabet
Anat Ashkenazi was Lilly’s third-highest paid executive last year. She has worked at the company for 23 years, including as chief financial officer since 2021.
Companies seek liability protection for top execs
A growing number of companies in Indiana and elsewhere are hoping to offer new legal protection for top executives following a 2022 change in Delaware’s corporation law
Old National places CFO on leave following criminal charges
Evansville-based Old National Bank disclosed Monday that it has placed its chief financial officer, Brendon Falconer, on leave. Falconer was charged last week with two counts of felony child molestation.
Indiana 250: Amish Shah of Kem Krest
Since Shah became CEO in 2008, Kem Krest has grown to be a $500 million company that serves Fortune 100 companies globally.
Altman back as OpenAI CEO just days after being removed, along with new board
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.
Indianapolis-based Calumet announces CFO transition
Vince Donargo—a veteran financial executive who has worked for several Indianapolis public companies—plans to step down from his position as chief financial officer of Calumet Specialty Products Partners on Dec. 31 and retire at the end of April.
Chase exec Al Smith set to retire after six decades in banking
Smith, 82, will be wrapping up a 59-year banking career when he retires in May. He has spent his entire career working for banks that are now part of J.P. Morgan Chase & Co.
Fishers-based gene therapy firm Genezen appoints new CEO
Steven J. Favaloro brings a background in finance in the life sciences industry to his new positions as president and CEO.
Indianapolis-based Sanctuary Wealth ousts CEO, but won’t say why
Ousted CEO Jim Dickson founded Sanctuary in 2018 after the firm acquired Indianapolis-based David A. Noyes & Co., which in 2020 changed its name to Sanctuary Securities Inc.
Indiana 250: Jim Hallett
“Outwork everyone else. This doesn’t always mean putting in more hours or sacrificing everything else in life for your career. But it does mean always working to improve yourself and to do whatever you can to help your customers succeed.”
Library board critics demand answers, call for resignations
With their search for a new CEO for the library system mired in controversy, members of the Indianapolis Public Library’s Board of Trustees heard withering criticism from community members at their meeting Monday night.
CEO’s decision to post crying selfie on LinkedIn doesn’t go over well
With more than 68,000 workers in tech laid off in 2022, many read Wallake’s post as privileging the chief executive’s pain over that of the employees being let go.
IBJ Media’s inaugural list of influential Hoosiers includes CEOs, entrepreneurs, philanthropists
The list, available at Indiana250.com, was compiled by the executives, editors and newsroom staffs at IBJ Media’s three news brands—Indianapolis Business Journal, Inside INdiana Business and Indiana Lawyer—after a monthslong process that included reviewing nominations, researching Indiana organizations and interviewing community leaders across the state.
Indianapolis-based Calumet gets new CEO as part of leadership reshuffling
Todd Borgmann, Calumet’s former CFO, was promoted to CEO effective this week. The move, and several other executive-level changes, were triggered by the May 1 retirement of board chairman Fred Fehsenfeld.
PNC’s Connie Bond Stuart to retire after 41-year career
Stuart has served as PNC’s top Indianapolis-area executive since 2011, and she’s spent her entire career working for the bank in various markets.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Indy-based executive to be part of Super Bowl officiating team
Officiating at the highest level of football isn’t Bryan Neale’s only gig. He’s also chief executive of Indianapolis-based Blind Zebra Consulting, a business management consulting group.