Companies seek liability protection for top execs
A growing number of companies in Indiana and elsewhere are hoping to offer new legal protection for top executives following a 2022 change in Delaware’s corporation law
Executives
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Women’s share of exec jobs falls for first time in years, study finds
The stalling of women’s progress in the upper echelons of corporate America is “troubling,” said Ellen Kossek, professor of management at Purdue University. “We’re moving backward,” she said.
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Longtime Indianapolis business leader Jerry Semler dies at 86
Semler, who spent almost a quarter-century in executive leadership at American United Life Insurance Co. and served as a board director for a multitude of central Indiana civic, business, charitable and arts organizations, died Monday.
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Indianapolis-based Sanctuary Wealth ousts CEO, but won’t say why
Ousted CEO Jim Dickson founded Sanctuary in 2018 after the firm acquired Indianapolis-based David A. Noyes & Co., which in 2020 changed its name to Sanctuary Securities Inc.
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Library board critics demand answers, call for resignations
With their search for a new CEO for the library system mired in controversy, members of the Indianapolis Public Library’s Board of Trustees heard withering criticism from community members at their meeting Monday night.
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Articles
Old National places CFO on leave following criminal charges
Evansville-based Old National Bank disclosed Monday that it has placed its chief financial officer, Brendon Falconer, on leave. Falconer was charged last week with two counts of felony child molestation.
Indiana 250: Amish Shah of Kem Krest
Since Shah became CEO in 2008, Kem Krest has grown to be a $500 million company that serves Fortune 100 companies globally.
Altman back as OpenAI CEO just days after being removed, along with new board
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.
Indianapolis-based Calumet announces CFO transition
Vince Donargo—a veteran financial executive who has worked for several Indianapolis public companies—plans to step down from his position as chief financial officer of Calumet Specialty Products Partners on Dec. 31 and retire at the end of April.
Chase exec Al Smith set to retire after six decades in banking
Smith, 82, will be wrapping up a 59-year banking career when he retires in May. He has spent his entire career working for banks that are now part of J.P. Morgan Chase & Co.
Fishers-based gene therapy firm Genezen appoints new CEO
Steven J. Favaloro brings a background in finance in the life sciences industry to his new positions as president and CEO.
Indiana 250: Jim Hallett
“Outwork everyone else. This doesn’t always mean putting in more hours or sacrificing everything else in life for your career. But it does mean always working to improve yourself and to do whatever you can to help your customers succeed.”
CEO’s decision to post crying selfie on LinkedIn doesn’t go over well
With more than 68,000 workers in tech laid off in 2022, many read Wallake’s post as privileging the chief executive’s pain over that of the employees being let go.
IBJ Media’s inaugural list of influential Hoosiers includes CEOs, entrepreneurs, philanthropists
The list, available at Indiana250.com, was compiled by the executives, editors and newsroom staffs at IBJ Media’s three news brands—Indianapolis Business Journal, Inside INdiana Business and Indiana Lawyer—after a monthslong process that included reviewing nominations, researching Indiana organizations and interviewing community leaders across the state.
Indianapolis-based Calumet gets new CEO as part of leadership reshuffling
Todd Borgmann, Calumet’s former CFO, was promoted to CEO effective this week. The move, and several other executive-level changes, were triggered by the May 1 retirement of board chairman Fred Fehsenfeld.
PNC’s Connie Bond Stuart to retire after 41-year career
Stuart has served as PNC’s top Indianapolis-area executive since 2011, and she’s spent her entire career working for the bank in various markets.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Indy-based executive to be part of Super Bowl officiating team
Officiating at the highest level of football isn’t Bryan Neale’s only gig. He’s also chief executive of Indianapolis-based Blind Zebra Consulting, a business management consulting group.
Use of on-demand execs becomes a growing trend
Rather than hiring full-time executives, companies are increasingly likely to turn to a fractional executive—someone who serves part time, typically on contract rather than as an employee.
Longtime TechPoint CEO Langellier to step down in May
Mike Langellier has been the president and CEO at Indianapolis-based TechPoint for nine years. The organization will launch a national search for his replacement.
Longtime Pacers exec Fuson promoted to CEO
The move is one of six high-level promotions and transitions announced Tuesday morning by Pacers Sports & Entertainment.
New Emarsys CEO sees continued local growth ahead for software firm
New Emarsys CEO Joanna Milliken, who starts in her new role Oct. 1, will oversee all of the Austria-based marketing tech company’s activities from Indianapolis. About 150 of the company’s nearly 700 employees are based in central Indiana.
Broadfoot named CEO of Second Helpings after 5-year run at Indy Parks
Linda Broadfoot’s hiring coincides with the retirement of Jennifer Vigran, who is leaving Second Helpings in October after serving the hunger-relief organization in various roles for 20 years.
Indiana Members CEO to retire after 37 years with credit union
President and CEO Ron Collier has managed 33 mergers and acquisitions at Indiana Members Credit Union since 1985.