IBJNews

Mitch Daniels joins Hulman & Co. board

Back to TopCommentsE-mailPrintBookmark and Share

Former Gov. Mitch Daniels is joining the board of Hulman & Co., which owns the Indianapolis Motor Speedway.

Daniels, the president of Purdue University, is the latest outsider to join a board once dominated by Hulman and George family members. The company has various holdings in Terre Haute and Indianapolis, most notably the IMS and the company that manufactures Clabber Girl products.

"We're honored that Mitch has agreed to serve with us during this period of renewed focus on economic development and infrastructure improvement. We are positioned for growth in our business units like no time in our history, and Mitch's business acumen and understanding of the heritage of the Indianapolis Motor Speedway are tremendous assets," board member Andre Lacy said in a prepared statement.

The board's transformation began in 2012 when four Indianapolis business leaders joined a newly expanded board: John Ackerman, Jeff Belskus, Mark Miles and Jim Morris.

John Ackerman is the co-founder and managing director of Cardinal Equity Partners, a private investment firm established in 1993. Belskus is a long-time Indianapolis Motor Speedway executive. Mark Miles is CEO of the Central Indiana Corporate Partnership, and Morris is president of Pacers Sports & Entertainment.

"I spent many a Memorial Day weekend at the Indianapolis Motor Speedway growing up in Indianapolis, and there's no more iconic racing facility in the world," Daniels said in a prepared statement. "The connection between Purdue and Hulman & Company is already strong and this new relationship will take us even further."

ADVERTISEMENT

  • Wrong Todd
    Hey I agree with Todd...name one other Indiana company who got this treatment...a $100 million loan that has no set monthly or annual payments...the money is repaid with increased fees and sales taxes from the speedway. Why should any sales tax money go towards paying down this loan...and was the loan interest free??? I think so...how does this benefit the regular taxpayer...part of that moeney was mine. The Hulman Company is a bunch of Millionaires...I would love to see their net worth...matter of fact they failed to disclose their finances to the general public when the gift was granted...that should have been required!! Also, Pence who signed off on this not Mitch publicly stated he had his reservations since he is opposed to public dollars being funneled into private business...google it!. Go Todd!!you are on the right path...can you say Party Cronyism??
  • Agreed
    I agree with Rich. There will always be people who do not like Mitch Daniels, but it's getting harder and harder to refuse to see that which is there clearly to be seen. He was successful enough as a governor that in Illinois (which is broke, due to gross mismanagement by convicted felons) the gubernatorial candidates are claiming that they will do for Illinois what Mitch Daniels did for Indiana.
  • Wrong Todd
    You could not be more wrong with your characterization of the 100 mil reinvestment money as "a gift" Every penny of that money will be repaid through a tax capture district and ticket fee by facility users. But please, by all means, continue to believe your non-factual liberal fodder. I'll stick to facts and appreciate that Hulman and Co. is smart enough to invite the best Governor this state has had in my lifetime to their board.
  • Mitch Daniels
    I'm curious, would it not have been relevant to share with readers how many millions in taxpayer dollars were given to Hulman & Co. by the former governor? We know their current "infrastructure development" was the result of a $100 million gift by Hoosier lawmakers and current governor. We also know that Mitch Daniels appointed 85% of the board members to Purdue, who in return, hired him as Purdue president. There seems to be a theme which is being ignored in this article.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

    2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

    3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

    4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

    5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

    ADVERTISEMENT