The 53-day lag between when the commission ordered Spectacle to remove Rod Ratcliff from his role as an owner to when the company complied was unacceptable, according to Gaming Commission Executive Director Sara Gonso Tait.
Lilly exec created hostile work environment for women, former lobbyist claims in suit
Sonya Elling filed suit Friday in federal court against the drugmaker, alleging that Leigh Ann Pusey, senior vice president for corporate affairs and communications, precluded her from engaging with members of Congress because she was “not a cute, young thing.”Read More
Simon Property reversing pandemic-related executive pay cuts
Indianapolis-based shopping mall giant Simon Property Group will reinstate the pay of executives and board members who had been working under pandemic-related pay cuts since spring, the company announced Monday.Read More
Beyond COVID podcast: Leaders are created in crisis. You can be one of them.
Nancy Koehn—a historian, Harvard Business School professor and author—talked with host Lesley Weidenbener about how business owners and managers can use this pandemic to develop the skills that will lead their organizations out of the COVID crisis and on to better things.Read More
CEO leaving bankrupt Celadon for new logistics job
Celadon CEO Paul Svindland, who joined the company in 2017 and tried to turn around the troubled trucking company, is departing for a CEO job at another logistics company.Read More
Rod Ratcliff, the former chief executive for Centaur Gaming and Spectacle Entertainment, reached a settlement agreement with the Indiana Gaming Commission that requires him to sell his remaining casino ownership shares.
Luis Orbegoso, 50, joins Allegion from American Residential Services. He’ll be based in Allegion’s Carmel office and oversee the security-products company’s operations in the Americas.
Tony Satterthwaite, president and COO since October 2019, will move into the new position of vice chairman, while Jennifer Rumsey, president of the company’s Components business, will succeed Satterthwaite as president and COO.
Joshua Smiley, who was Lilly’s second-highest-paid employee, was named CFO in January 2018. Lilly said Smiley also engaged in “inappropriate personal communications” with other employees.
Roz Brewer will be the only Black woman leading a Fortune 500 company when she joins Walgreen’s on March 15.
Allegion executive Tim Eckersley, who has led the company’s Americas division since 2013, will shift to lead the company’s operations in other parts of the world.
Indy Chamber executive Ian Nicolini has moved into the organization’s long-vacant role of chief operating officer, and Portia Bailey-Bernard has taken over Nicolini’s former position as the chamber’s economic development leader.
The CEOs from about two dozen Fortune 500 companies decided to wait for the Nov. 20 certification of votes in Georgia before meeting to decide their next moves.
Peter Dinwiddie, an Indianapolis native, has been a key member in the Pacers front office for more than decade, moving quickly up the ladder after starting in the ticket office.
Mike Rechin, who has served as the bank’s president and CEO since 2007, plans to retire at the end of the year. His departure will trigger several promotions among the bank’s other executives.
Bolster’s investors include Indianapolis-based High Alpha Capital, Silicon Valley Bank parent SVB Financial Group, New York-based Union Square Ventures and Palo Alto, California-based Costanoa Ventures.
Kevin Hipskind, Fifth Third’s Indianapolis-based market president since 2018, has been promoted. His successor comes from Louisville, where he has been market president since 2015.
Judge Jane Magnus-Stinson denied a request by former Celadon Group Inc. President William Meek to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”
Jeff Brown took the interim role in December after the retirement of Catherine O’Connor, who had led the domestic-violence shelter and services provider since 2014.
Eli Lilly and Co.’s breakthroughs during Wood’s 18-year tenure included biosynthetic insulin and the category-smashing antidepressant Prozac.