Home Loan Bank taps CFO for top job
Cindy Konich is the new CEO of Federal Home Loan Bank of Indianapolis. She succeeds Milton J. Miller, 57, who retired July 1.
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Duke Energy names CFO to replace Rogers as chief exec
Former Indiana utility executive Jim Rogers, 65, agreed in November to step down under a settlement with North Carolina regulators.
Duke’s CFO heading to Chicago real estate firm
Christie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during the recession and economic recovery.
Former Marsh CFO sought out bankruptcy lawyers
The former executive of Marsh Supermarkets Inc. said he became so concerned about the company’s deteriorating finances less than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
IU Treasurer McCourt slated to become interim CFO
MaryFrances McCourt would replace Neil Theobald, who is leaving IU at the end of the year to become president of Temple University.
Durham gets 50 years for fraud scheme
Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.
Temple University names IU’s CFO as president
Neil Theobald, chief financial officer at Indiana University, will officially take the helm of the Philadelphia institution Jan. 1.
Fair Finance CFO staying out of prosecutors’ crosshairs
Rick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants Tim Durham and Jim Cochran. But he's facing the same felony charges.
Insurance mandate lacks teeth, WellPoint CFO says
As constitutional challenges to the health reform law’s mandate to buy insurance advance, WellPoint Inc.’s chief financial officer reiterated that the company does not object to the mandate, just to its lack of penalties.
CNO says CEO Prieur to retire, to be replaced by CFO
Jim Prieur will retire as CEO of CNO Financial Group Inc. on Sept. 30 and will replaced by the company’s chief financial officer, Ed Bonach, the company announced Wednesday.
IU Health loses CFO to larger hospital system
Marvin Pember, 58, is taking a new job near Philadelphia as the president of the acute care division of Universal Health Services Inc., a publicly traded company with 22 acute hospitals and numerous behavioral health centers spread from coast to coast.
Brightpoint CFO leaves with $2.75M pay package
Anthony Boor, who joined Brightpoint in 1998 and served as the company’s chief financial officer since 2005, left the company on Tuesday. He received separation pay totaling $2.75 million.
Short-time CFO altered course at Marsh Supermarkets
John Elbin forced the ailing grocery chain to confront its problems during his five months with the company.
Feds go after Fair Finance CFO, despite murkier motive
Unlike the other defendants, Fair Finance executive Rick Snow isn’t accused of tapping the company for a bevy of loans, then failing to repay the money.
OneAmerica promotes CFO Davison to executive vice president
With the company recently doubling in size, CEO Dayton Molendorp wanted another executive to guide the company’s further growth.
WellPoint CFO says insurance ‘mega-mergers’ unlikely
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama’s Federal Trade Commission is unlikely to approve
mergers among the biggest insurers.Dodson Group CFO to plead guilty to wire fraud
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.Dodson Group hit crisis mode after trusted CFO suspected of theft
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of
aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger.
Accounts receivable for his company,
the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s
coffers.Finish Line hires former Borders exec as CFO-WEB ONLY
The Finish Line Inc. has hired the former chief financial officer of national bookstore chain Borders Group Inc. to take the same position at the Indianapolis-based athletic footwear and apparel retailer. Edward W. Wilhelm, 50, joined Ann Arbor, Mich.-based Borders in 1997 after a four-year stint at Troy, Mich.-based Kmart Corp. He will take over […]
Duke hires former Lehman exec as CFO-WEB ONLY
Duke Realty Corp. has ended a year-long stretch without a chief financial officer, hiring Christie B. Kelly to the post effective Feb. 27, the Indianapolis-based company announced today. Kelly, 47, a former financial executive at General Electric Co. and Lehman Brothers Inc., replaces Matthew Cohoat, who stepped down last March. Kelly most recently was senior […]