Few private firms survive to third generation
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive
for
a third generation.
Leadership Transition
Articles
Incoming HHGregg CEO: ‘We need to stay humble’
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Lilly relying on technology to spot management talent
An electronic succession-planning system created by Eli Lilly & Co. about seven years ago is sniffing out top talent.
Lyon takes Finish Line helm as shoppers cut spending
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
Tourism chief hired from Seattle
Though few knew what to think when Don Welsh announced in June 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.
Activist shakes up Steak n Shake after taking control
After months of agitating for changes at The Steak n Shake Co., investor Sardar Biglari finally got a shot at putting his
theories into action.
Chicago’s Jones Lang LaSalle attracts talented local brokers to establish Indy branch
Some of the city’s most prominent commercial real estate brokers have resigned from locally owned Meridian Real Estate to
launch an Indianapolis affiliate of Chicago-based Jones Lang LaSalle.
Humane Society woos animal-right welfare community
John Aleshire, the executive director of the Humane Society of Indianapolis, is rolling out policies that please animal advocates.
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.
Glass will help IU athletics if he’s allowed to do the job
New Indiana University athletic director Fred Glass must return integrity to IU athletics, while being a cheerleader who believes
in accessibility, focus and consistency.
Rooney’s death spawns uncertainty for struggling insurance company, not-for-profit
After the unexpected death of insurance magnate J. Patrick Rooney, two organizations he led until the day he died are scrambling
to figure out who will lead them into the future.
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 […]
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…
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.
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.
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.
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.
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.
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.
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.