Pence elevates revenue chief of staff to commissioner
An attorney who once served as Indiana's public access counselor has been tapped as the new commissioner for the state Department of Revenue, replacing the retiring Mike Alley.
An attorney who once served as Indiana's public access counselor has been tapped as the new commissioner for the state Department of Revenue, replacing the retiring Mike Alley.
The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.
Former bank executive Mike Alley will continue in his position as commissioner of Indiana’s Department of Revenue under Gov.-elect Mike Pence. Pence also announced two more cabinet appointments.
Congratulations to Gov. Mitch Daniels on the appointment of Mike Alley as commissioner of the Indiana Department of Revenue. Alley will restore the state agency’s credibility.
Former Fifth Third Bank president Mike Alley will take over as the state’s revenue commissioner. He’ll replace John Eckart, who resigned last week amid controversy over misplaced local option income taxes.
Tough economy, regulations dampen interest in the positions.
With reluctance, Mike Alley, a veteran Indianapolis banker, joined the board of Evansville-based Integra Bank in April 2009. A month later, he found himself CEO—the beginning of a 26-month odyssey that ended July 29 with banking regulators seizing and shutting down the 160-year-old institution.
Monday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial institution to fail since the financial crisis began in 2008.
Mike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the nation’s financial institutions.
Within a month of joining the board of Evansville’s Integra Bank Corp. Mike Alley, former CEO of Fifth Third Bancorp’s central Indiana operations, had become Integra’s interim CEO.