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Dramatic rehiring as IRT fills Stolen spot

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Suzanne Sweeney was expected to walk into the offices of the Indianapolis Symphony Orchestra this coming Monday and start her first day as vice president of finance. Instead, she'll be staying in more familiar territory.

Sweeney, who has served as associate managing director and chief financial officer at the Indiana Repertory Theatre since 2007, on Friday was named the IRT's managing director and chief operating officer.

The performing arts financial executive had been recruited for the ISO job in March by new CEO Gary Ginstling. But circumstances took a dramatic turn when her former supervisor, IRT Managing Director Steven Stolen, announced Thursday that he accepted a new job heading up the Indianapolis branch of charter-school developer Rocketship Education.

The IRT board quickly went after Sweeney for the vacated position, announcing  Friday that she would be unpacking her bags in her former digs rather than a few blocks away at the ISO.

In a press release, IRT board chairman Dr. Gene Tempel acknowledged that the boomerang move was “highly unusual,” adding, “with the announcement this week that Steven was leaving, our board moved quickly and asked the question who was the best one to take his place. Suzanne's name quickly came to the top so we approached her this morning and she accepted."

The change also means a management-team restructuring that includes changing Artistic Director Janet Allen’s title to Executive and Artistic Director/CEO.

In September, the drama moves onstage as the IRT kicks off its 42nd season with “The Crucible.”

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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