Mitch Daniels joins Hulman & Co. board

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."

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.