Articles

ICVA embarking on new direction with new CEO Welsh

Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was
leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he’s shown he didn’t come here to simply
wind
down his career.

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Local Sallie Mae executive leaving

June McCormack, the top-ranking executive at Sallie Mae's Fishers operation, is leaving the student loan giant, according to a filing with the Securities and Exchange Commission. The company and McCormack are negotiating a severance agreement, the company's Dec. 12 SEC filing said, but her departure date was not disclosed. McCormack has led the 2,300-employee Fishers […]

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Taurel helped Lilly weather Prozac defeat, but he also stumbled

When Eli Lilly and Co. CEO Sidney Taurel announced his retirement Dec. 18, he said he was leaving the company in good shape.
And he can cite plenty of evidence to support him. But when Taurel steps down as CEO March 31, he also will leave a legacy
of a languishing stock price and some costly mistakes that some think could have been avoided. “The facts are the facts; I
guess you can’t ignore it. The stock price has been…

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New Lilly CEO called analytical, ‘incredibly warm’

John C. Lechleiter, whom Eli Lilly and Co.’s board voted to replace Sidney Taurel as CEO, is known for getting things done
and yet also for being good at analysis and relating to people under him. Taurel will step down at the end of March but remain
chairman until the end of 2008.

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WellPoint adjusts to executive exodus

Fifteen senior executives have left WellPoint Inc. since November 2004, when the giant health insurer formed through Indianapolis-based
Anthem Inc.’s $16.5 billion acquisition of California-based WellPoint Health Networks Inc. The merger made many of them rich,
work at WellPoint was grueling, and personal commitments called. So they moved on.

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Charities face more empty leadership chairs

Only 29 percent of executives have discussed a transition plan with their boards, according to a study by San Francisco-based
CompassPoint Nonprofit Services. Converging with this lack of preparedness is an approaching deficit of leaders.

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Snyder crams for job as Ivy Tech president

In the three months since being named president of Ivy Tech Community College, Tom Snyder
has read up on the school’s history and held meetings with 4,000 faculty, students and others to gain insight into the school.
He’s also made decisions about hiring, cost-cutting and student services.

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Companies must prepare for CEO turnover

A methodical process is the right way to change CEOs, according to succession-planning experts. And Indiana needs more of
its major corporations to do so. A wave of aging executives is at or near normal retirement age–in Indiana and nationwide.
How well those companies’ CEOs pass the baton will have a big impact on their companies’ futures.

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D’Amico responds through lawyer to being snubbed

Carol D’Amico has been publicly silent since the board passed over her for president of Ivy Tech Community College in March.
But a letter her attorney dashed off a day after the vote says she deemed neither of the finalists for the job qualified and
the selection process ripe for a lawsuit.

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Museum seeks leader to stem attendance slide

The new Indiana State Museum building–a 230,000-square-foot study in glass, steel and limestone–opened in 2002 to blockbuster
attendance, with nearly 260,000 of its 614,000 total visitors checking out the exhibits. Fast forward to its five-year anniversary
and the news isn’t so rosy.

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IU ready to pick insider for president’s job

Indiana University appears poised to choose an internal candidate as president for the first time in 35 years . The decision
could be announced within days. Two IU trustees confirmed that finalists include Michael McRobbie and Ora Pescovitz, well-known
IU administrators.

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