INSIDE INDIANA BUSINESS: Security spinoff gets CEO

2013-07-09T12:18:00Z 2013-07-09T16:30:06Z INSIDE INDIANA BUSINESS: Security spinoff gets CEOGerry Dick Inside Indiana Business
July 09, 2013 12:18 pm  • 

Ingersoll-Rand has named the chief executive officer for a spinoff company that will have strong presence in central Indiana. David Petratis will be chairman and CEO of Allegion. The $2 billion security company will be created once the separation from Ingersoll-Rand is complete later this year. Its North American corporate center will be in Carmel. The spinoff will have around 7,600 workers in 53 countries. Petratis says the new company will be an international player in security technology.


Boles Promoted to IMS President

The parent company of the Indianapolis Motor Speedway continues to redefine its management structure under the leadership of Hulman & Co. Chief Executive Officer Mark Miles. Doug Boles has been promoted to IMS Corp. president. He will handle daily operations of the track and explore other business opportunities for the venue.


Pence Names Career Council Appointees

The Indiana Career Council is taking shape. Gov. Mike Pence has named 16 members to the initiative designed to address the state's skills gap. He also appointed three special advisors to the council.


Regional Leaders to Form Strategic Plan

A group of business, education and community leaders in southwest central Indiana will use a $650,000 grant from Lilly Endowment Inc. to form a strategic economic plan. The effort will focus on 11 counties in the region and is expected to be complete by mid-2014.


Purdue Football to Use Dynamic Pricing

Purdue University will begin using dynamic pricing for single-game football tickets during the upcoming season. The school says prices will be adjusted based on factors including inventory, weather and opponent.


Kroger Announces $2.5 Billion Deal

The nation's largest grocery chain is part of a multi-billion dollar merger. Ohio-based The Kroger Co. is acquiring Harris Teeter Supermarkets Inc. in a $2.5 billion deal. Kroger's Central Division is based in Indianapolis and includes the Fort Wayne, South Bend and Peoria, Ill., markets.


$45 Million Water Meter Modernization Clears Council

A $45 million plan to upgrade Evansville water meters could begin in the next three months. Mayor Lloyd Winnecke says the city council approved the initiative after the initial estimated cost was reduced by approximately $11 million. Read More Winnecke tells Inside INdiana Business the modernization will pay for itself.


Hoosier Town to be Featured Nationally

An east-central Indiana town will be part of a national news feature. Our partners at Kicks 96 in Richmond report NBC Nightly News staff will be in Fountain City tomorrow working on a story that will include the closing of the Wayne County town's last bank.


State Cardiovascular Program Earns CDC Funding

The Indiana State Department of Health has landed a federal grant to help combat cardiovascular disease in women. The Centers for Disease Control and Prevention grant could result in up to $2 million over four years.


Angie's List Surpasses Membership Mark

Indianapolis-based Angie's List Inc. has reached another milestone in one of the country's largest business markets. It has surpassed 100,000 paid subscribers in Los Angeles. The online consumer review company launched an operation in the California city in 2005.


New VPO Opens in Monroe County

The latest in a series of village post offices opening throughout the state is now set for business in a small southern Indiana town. A ribbon-cutting ceremony was held this morning for the new VPO in Harrodsburg.


Chamber Extends Program to Small Businesses

The Terre Haute Chamber of Commerce is now offering an online job recruiting tool to member businesses with fewer than 30 employees. The announcement involves access to the chamber's NationJob program.

For more Inside Indiana Business, visit

Copyright 2014 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

In This Issue

Professionals on the Move Banner
Get weekly ads via e-mail



Who do you support for the U.S. House of Representatives in District 1?

View Results