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Mitch Daniels joins Hulman & Co. board

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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."

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  • 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.

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    1. Here are a few candidates for this new group, "ripped from the headlines." First up, that bizzaro State Senator Brent Waltz; secondly, the unethical Todd Huston, and his contractual arrangements scheme; Finally, but not least of all, the dishonorable Eric Turner. What sayeth you Greg Zoeller?

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    4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

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