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    G. Bohley III

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Articles

2019 YEAR IN REVIEW: Celadon abruptly shuts down, wiping out nearly 4,000 jobs

December 27, 2019 | Susan Orr and Greg Andrews

The December announcement brought to a bitter close one of central Indiana’s great entrepreneurial success stories. Stephen Russell, the son of a New York City taxi driver, launched the business with a single truck in 1985 and grow it into the largest provider of international truckload services in North America, with more than 150,000 annual border crossings between the United States, Canada and Mexico.

10 news events that changed central Indiana in 2019

December 26, 2019 | Lesley Weidenbener

There was no shortage of huge news stories in central Indiana this year—with Roger Penske’s purchase of the Indianapolis Motor Speedway, the launching of the Red Line and the closing of trucking giant Celadon.

City promotes chief information officer to controller

December 23, 2019 | Samm Quinn

Ken Clark, who joined the city’s Information Services Agency in 2013, will replace controller Fady Qaddoura, who is stepping down from the position at the end of the year.

2019 CFO of the Year: Sam Hurley

December 11, 2019

Sam Hurley has helped guide The Annex Group through a period of raid growth, with five housing developments announced in just the last year.

2019 CFO of the Year: James Norris

December 11, 2019

Since joining Springbuk James Norris has successfully led the company through $37 million in capital raises.

2019 CFO of the Year: Clarissa R. Nowlin

December 11, 2019

Clarissa Nowlin helped win lender support to finance the company’s growth, which has led to the tripling of employment.

2019 CFO of the Year: Joe Allman

December 11, 2019

Joe Allman led a financial streamlining that reduced the company’s number of airlines from three to one and its aircraft types from three to one.

2019 CFO of the Year: Chris Dunkerley

December 11, 2019

Chris Dunkerley’s work for TriMedx perfectly aligns with one of his passions: making health care organizations more efficient.

2019 CFO of the Year: Daniel Murphy

December 11, 2019

As a result of Daniel Murphy’s work, Shiel Sexton now has 300 employee-owners instead of 14 and is positioned to remain locally owned for the next 50 years.

2019 CFO of the Year: Patrick Shannon

December 11, 2019

Patrick Shannon not only guided Allegion’s spinoff in December 2013 from Ingersoll Rand, but he has has since led the company through 20 acquisitions and major investments, growing its market value from $4 billion to more than $11 billion.

2019 CFO of the Year: Kristina A. Cerniglia

December 11, 2019

Since arriving in 2014, Kristina Cerniglia has transformed Hillenbrand Inc.’s finance and IT organizations, making them strategic partners in the company’s growth.

2019 CFO of the Year: John Macke

December 11, 2019

John Macke joined Merchants in 2017 at a critical time for the company; it was preparing for its $115 million initial public offering—a process he’d been through before.

2019 CFO of the Year: Angie Clark

December 11, 2019

Angie Clark, the CFO for Indy Parks, has kept such a sharp eye on expenses while also looking for ways to enhance revenue and service delivery that the agency was certified in 2017 by the Commission for Accreditation of Parks and Recreation Agencies, recognition the it had gone without for 10 years.

2019 CFO of the Year: Brad Bowman

December 11, 2019

Indiana Sports Corp. started 40 years ago as the first sports commission of its kind in the country, and Brad Bowman has been there almost half that time.

2019 CFO of the Year: Corrie Conner

December 11, 2019

Corrie Conner has helped guide The Mind Trust from a team of three with a $1 million budget to a staff of 19 with a $16 million budget.

2019 CFO of the Year: John Sejdinaj

December 11, 2019

All of Indiana University’s schools, campuses and major administrative units formally report to both their unit leader, or dean, and to John Sejdinaj.

2019 CFO of the Year: Gregory A. Ginder

December 11, 2019

During Gregory Ginder’s tenure as Marian University’s top financial executive, the school’s annual budget has grown from $7 million to more than $100 million and its endowment from about $15 million to more than $60 million.

2019 CFO of the Year: Michael Shreves

December 11, 2019

Thanks to Michael Shreves’ guidance, Lawrence Township schools were able to raise teacher pay while at the same time increasing their rainy day fund 10% and reducing spending on contract services 20%.

Celadon shutdown to create shipping headaches for Fortune 500 firms

December 9, 2019 | Greg Andrews

The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.

UPDATE: Celadon ceasing operations, eliminating nearly 4,000 jobs

December 9, 2019 | Greg Andrews and Susan Orr

CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.

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