Pacers losing senior VP of basketball operations to 76ers, reports say
Peter Dinwiddie, an Indianapolis native, has been a key member in the Pacers front office for more than decade, moving quickly up the ladder after starting in the ticket office.
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First Merchants CEO Rechin stepping down after 13 years
Mike Rechin, who has served as the bank’s president and CEO since 2007, plans to retire at the end of the year. His departure will trigger several promotions among the bank’s other executives.
High Alpha portfolio firm Bolster makes official launch after raising $6M
Bolster’s investors include Indianapolis-based High Alpha Capital, Silicon Valley Bank parent SVB Financial Group, New York-based Union Square Ventures and Palo Alto, California-based Costanoa Ventures.
Fifth Third Bank announces market president change
Kevin Hipskind, Fifth Third’s Indianapolis-based market president since 2018, has been promoted. His successor comes from Louisville, where he has been market president since 2015.
Federal judge shoots down indicted executive’s vacation plans
Judge Jane Magnus-Stinson denied a request by former Celadon Group Inc. President William Meek to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
Ex-Brightpoint execs plan IPO to raise $100M for new tech firm
Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”
Beyond COVID podcast: Leaders are created in crisis. You can be one of them.
Nancy Koehn—a historian, Harvard Business School professor and author—talked with host Lesley Weidenbener about how business owners and managers can use this pandemic to develop the skills that will lead their organizations out of the COVID crisis and on to better things.
Julian Center removes ‘interim’ from chief executive’s title
Jeff Brown took the interim role in December after the retirement of Catherine O’Connor, who had led the domestic-violence shelter and services provider since 2014.
Richard Wood, CEO of Lilly during transformational era, dies at 93
Eli Lilly and Co.’s breakthroughs during Wood’s 18-year tenure included biosynthetic insulin and the category-smashing antidepressant Prozac.
STAR Bank names new Indianapolis market president
The Fort Wayne-based bank’s new Indianapolis market president, Tim Oliver, will primarily work from the bank’s new Monument Circle location, which opened earlier this year.
IndyGo hires new project exec after chief planner for Red Line departs
Transportation engineer Jennifer Pyrz now will lead IndyGo’s capital plan projects, including its upcoming Purple Line and Blue Line bus rapid-transit projects.
Calumet Specialty Products CEO set to leave company
Calumet CEO Tim Go, who has spearheaded turnaround efforts at the Indianapolis-based oil refiner and maker of specialty petroleum products, will leave his post at the end of May.
CEO leaving bankrupt Celadon for new logistics job
Celadon CEO Paul Svindland, who joined the company in 2017 and tried to turn around the troubled trucking company, is departing for a CEO job at another logistics company.
Former tech products executive sentenced on theft, securities charges
The former high-ranking executive for ACTnano Inc., ChaCha and Brightpoint pleaded guilty in August to theft and acting as an unregistered broker-dealer. He was already facing monetary judgements of more than $740,000 in two related civil cases.
Protective Insurance hires two senior executives
Carmel-based Protective Insurance Corp. has hired two company outsiders to fill its chief financial officer and chief information officer roles, the company announced Monday.
David Simon’s contract expired. Will he stick around?
The last time Indianapolis-based Simon Property Group Inc. negotiated an employment contract with CEO David Simon, it was an ordeal.
Cummins president to retire after 40-year career with company
The retirement of President and Chief Operating Officer Rich Freeland will spark several executive-level promotions at the Indiana-based manufacturer.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
Big 10 taps Vikings’ Warren as new commissioner
Kevin Warren, a former college basketball player and sports agent with a law degree from Notre Dame, will become the first black commissioner of a Power Five conference.
Carmel-based CNO says new CFO will work in Chicago
The insurance company’s executive team is split between three cities that house its major brands. Chicago-bound CFO Paul McDonough will replace Erik Helding, who was based in Carmel.