Wells’ credibility hurt
In mid to late May, many news outlets [May 14 IBJ] covered a story with Indianapolis International Airport board President Mike Wells prominently reporting that the airport suffered a $31.3 million operating loss in 2011.
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Orthopedic startups attracting big money
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
EnerDel hires first post-bankruptcy chief executive
David Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.
BASI promises ‘never again’ after big losses
Bioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but not before the rest of the company’s leaders got a tongue lashing for their past performance.
Smoking, family values inconsistent at best
I don’t understand how Angel Rivera can write that Ryan Vaughn is a man of family values.
New ads reflect IMS’ more-aggressive sponsorship mindset
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
Angie’s List COO joining One Click Ventures
Scott Brenton, the departing chief operating officer of Indianapolis-based Angie’s List Inc., is joining One Click Ventures LLC in Greenwood.
Would-be donor’s big promises vex trail of victims
Those left in the lurch by financial promises unfulfilled by Joe Bilby are mystfied by his motives, since he seems not to have profited from any of it.
People
Amelia Clark has been named vice president of community health at Meridian Health Services, a Muncie-based chain of primary and behavioral health care providers. She was executive director for the Jane Pauley Community Health Center in Indianapolis, which is part of Indianapolis-based hospital system Community Health Network. Clark holds a bachelor’s degree from IUPUI and a master’s degree from the Indiana University Center on Philanthropy.
West Lafayette-based Bioanalytical Systems Inc. did not renew the contract of Chief Financial Officer Michael Cox, instead replacing him with Jacqueline Lemke. Cox, who had been Bioanalytical’s CFO since 2007, will receive severance equal to his annual salary of $165,000, plus the value of his unused vacation days. Lemke, 49, previously served as Global CFO of Pendleton-based Remy International Inc. Prior to that, she was the finance chief of a division of Illinois-based Motorola Inc.
ZALOUDEK: New normal is all about mixing work and pleasure
The best talent in the Indianapolis area is flocking to interesting offices … with kegs.
Sale of Fortune Industries would take company private
The company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
Tax caps zap schools in Zionsville; Lebanon district awash in cash
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
Shelbyville casino fined $150,000 by state gaming agency
The most serious offense by horsetrack and casino Indiana Live involved sending electronic promotions to dozens of people who had voluntarily excluded themselves from receiving casino solicitations.
Airport execs’ globetrotting sparks scrutiny
Indianapolis Airport Authority CEO John Clark and two key officers spent more than $67,000 last year on travel that included extended business trips to Brazil, Denmark, Greece, Morocco and Switzerland.
IU Health names Kitchell chief financial officer
Ryan Kitchell, 38, replaces Marvin Pember, who left in July to take an executive position with Philadelphia-based hospital system Universal Health Services Inc.
2012 Forty Under 40: Anika M. Calloway
Since she became general counsel for Bucher & Christian Consulting (also known as BCforward) a year ago, Anika (ah-NEE-ka) Calloway, 36, has taken control of the firm’s legal matters while learning the ins and outs of the Indianapolis-based IT and staffing company.
Symmetry Ex-CEO Moore to return $450,000 in clawback suit
Symmetry Medical Inc.’s former CEO will return $450,000 in pay and stock proceeds to resolve U.S. Securities and Exchange Commission claims that he profited from accounting fraud by a United Kingdom unit.
People
Indiana University Health promoted Doug Puckett to CEO of Indiana University Health Morgan Hospital in Martinsville. The 106-bed hospital became part of IU Health last year through a merger. Since 2004, Puckett has served as chief operating officer and chief financial officer for IU Health West Hospital in Avon. Larry Bailey, CEO of IU Health Paoli Hospital, has been serving as interim CEO for IU Health Morgan Hospital. Puckett holds a bachelor’s in finance from IUPUI and an MBA from Butler University.
CNO Financial Group Inc. named Frederick J. Crawford its chief financial officer, beginning today. Crawford succeeds Ed Bonach, who became the life and health insurer’s CEO in September. Crawford joins CNO from Lincoln Financial Group, where he was head of corporate development and investments and, before that, CFO. Crawford holds a bachelor’s from Indiana State University and an MBA from the University of Iowa.