Executives

ITT Educational CEO signals resignation amid stock freefall, federal scrutiny

August 4, 2014
Mason King, J.K. Wall
Carmel-based ITT Educational Services Inc. announced late Monday afternoon that CEO Kevin Modany planned to resign within six months. The struggling for-profit education firm has drawn scrutiny from government officials for its marketing and lending practices.
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More executives want break from 24-hour connectivity

August 2, 2014
Anthony Schoettle
A growing number of people are seeking a kind of digital detox at least once a year, but many still resist the idea. According to Wired magazine, less than 10 percent of all Americans unplug—even for one week a year,
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ExactTarget acquisition boosted Indy's tech mojo, local execs say

July 11, 2014
Dan Human
Near the first anniversary of ExactTarget's $2.5 billion purchase by Salesforce.com, local tech gurus explain how the acquisition lifted all ships by bringing new prestige, investment and expertise to the city.
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Lab software firm raises $8.5M, names new CEO

June 9, 2014
Dan Human
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
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Longtime exec now in driver's seat at marketer ExactTarget

May 30, 2014
Dan Human
Company observers praised the elevation of Scott McCorkle to CEO for his combination of tech smarts, people skills, and experience with international operations.
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CEO pay at public companies crosses $10M mark

May 27, 2014
Associated Press
Propelled by a soaring stock market, the median pay package for a chief executive of a typical large public company rose above eight figures for the first time last year, an increase of 8.8 percent from 2012.
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Executive pay continues on upswing

May 24, 2014
Dan Human
The median senior executive collected $923,705 in salary, stock or stock options, incentive pay and perks in 2013, IBJ found in a review of proxy statements at 64 companies.The median compensation rose 20 percent from 2012 and doubled since 2006.
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Exec from struggling RadioShack joins HHGregg

April 30, 2014
 IBJ Staff
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
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Lilly to pay dearly for Novartis animal health biz

April 22, 2014
J.K. Wall
Wall Street analysts raised their eyebrows at the hefty price Eli Lilly and Co. will pay to acquire Novartis Animal Health, when compared to the value of the biggest player in the field.
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Florida rival scoops up another ex-BrightPoint executive

April 15, 2014
 IBJ Staff
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
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Deca Financial to wind down after trustee opts for liquidation

April 15, 2014
Chris O'Malley
The Fishers debt collection agency had been forced into bankruptcy by creditors. On Monday, a judge approved a request to terminate the once-promising firm.
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Option grant lifts compensation for Angie's List's Oesterle

April 14, 2014
Chris O'Malley
Stock options accounted for the biggest chunk of the CEO's compensation. Their value will depend on the company's future stock performance.
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Regions revamps Indiana territory as regional banks reshuffle

April 7, 2014
 IBJ Staff
A second regional bank in the metro area in as many months has announced a change in its state leaders and area boundaries.
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WellPoint CEO lands nearly $17M in first year

April 2, 2014
J.K. Wall
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
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Simon plucks in-house execs for spinoff firm

March 24, 2014
 IBJ Staff
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
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ExactTarget's current and former CFOs depart firm

March 11, 2014
Dan Human
Steve Collins and Traci Dolan, who both have served as ExactTarget's chief financial officer, have departed the recently acquired company.
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Cook heads contingent of Hoosier billionaires on Forbes list

March 4, 2014
 IBJ Staff
Gayle Cook, 80, the widow of Cook Group Inc. founder Bill Cook, saw her net worth skyrocket in the last year.
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Hurco's longtime CFO resigns abruptly

March 3, 2014
 IBJ Staff
John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.
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First Financial changes local leadership as it expands

February 21, 2014
Chris O'Malley
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank's state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
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WellPoint dismisses former interim-CEO Cannon

February 21, 2014
J.K. Wall
John Cannon, the man credited with righting the ship at WellPoint Inc., was terminated without cause this week, the company disclosed in a securities filing Friday morning.
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Incoming OneAmerica chief has big goals for growthRestricted Content

February 15, 2014
Chris O'Malley
As Scott Davison steps into the shoes of OneAmerica’s retiring CEO Dayton Molendorp, who led a massive expansion of the company in recent years, he’ll be challenged to keep growing pains at a minimum.
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Smith shuns retirement for stint as Chase Indiana chair

February 11, 2014
Chris O'Malley
Local banking veteran and community leader Albert J. Smith Jr. is eight years older than his predecessor, who retired in January.
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Longtime Simon Property CFO stepping down

February 3, 2014
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world's largest mall developer.
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Key ExactTarget exec steps down

January 13, 2014
Dan Human
Tim Kopp, who was responsible for ExactTarget's global marketing efforts during some of its most explosive growth, says he plans to take it easy and dabble in startups and not-for-profits.
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Simon amends plan for CEO's controversial $154M bonus

January 3, 2014
Mason King
Simon Property Group has tied CEO David Simon's $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
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