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Hulman & Company Announces Expanded Board Of Directors

February 17, 2011 | By J. Douglas Boles

Hulman & Company announced Feb. 17 an expansion of its Board of Directors in an effort to best position the company to take advantage of the promising outlook over the upcoming years.

The changes were made during a regularly scheduled shareholders meeting.

Hulman & Company will add four members to the existing board, expanding from four members to eight members. Anton “Tony” H. George, Andre B. Lacy, Michael L. Smith and Jerry W. Throgmartin will be added as members to the board of directors.

“As we strive to position Hulman & Company to be more competitive and relevant in this marketplace, the current board believes we can strengthen our position by calling upon the successful business expertise of these additional board members,” said Mari Hulman George, IMS chairman of the board. “We are pleased to welcome Andre, Mike and Jerry to the board. In addition, I am particularly pleased that we will be adding Tony to the Hulman & Company board, a board upon which he has been a member in the past.

“Over the last 18 months, we have successfully positioned Hulman & Company for future growth through strong management, limited streamlining and other efficiencies. We are excited about the future, and we believe the addition of these board members and their long and proven history of extremely successful business management will benefit Hulman & Company greatly.”

The new board members will not have any day-to-day management duties with respect to Hulman & Company, and there will be no change in the current management structure the company. Curt Brighton will remain president and CEO of Hulman & Company.

After today’s announcement, composition of the Hulman & Company board is Mari Hulman George, Nancy L. George, M. Josephine George, Katherine M. George-Conforti, Tony George, Lacy, Smith and Throgmartin.

About Anton “Tony” H. George

Tony George was president of the Indianapolis Motor Speedway from 1990-2004 and served as IMS chief executive officer from 1990-2009. He also was the founder of INDYCAR and served as its CEO from 1994-2009 and served as president of Hulman & Company.

George is the son of IMS Chairman of the Board Mari Hulman George and the brother of Hulman & Company and Indianapolis Motor Speedway Corporation board members Nancy L. George, M. Josephine George and Katherine M. George-Conforti.

Tony George has extensive racing background besides his management of IMS and INDYCAR. He owns Vision Racing, a regular participant in IZOD IndyCar Series events since 2005. George also owns Vision Investments, LLC – which holds U.S. distribution rights for SONAX, a leading brand of German car care products with global distribution.

George’s corporate board memberships include Vectren Corporation, First Financial Corporation, United States Auto Club, Riley Children’s Foundation, Rose Hulman Institute of Technology Board of Trustees and the Indiana State University Foundation. George and his wife, Laura, have three children and three grandchildren.

About Andre B. Lacy

Lacy serves as chairman of the board of LDI Ltd., based in Indianapolis. Under Lacy’s leadership, LDI grew from a corrugated box manufacturer to a diversified holding company whose business units have earned the number-one and number-two positions in their respective industries.

Lacy began his career at LDI’s predecessor company, U.S. Corrugated, as an office clerk during summer breaks from school. After graduating from Denison University in 1961, Lacy took on more responsibility with the company as an analyst, sales rep, plant manager and regional manager. He was named president and CEO in 1983.

Ernst and Young named Lacy “Indiana Master Entrepreneur of the Year” in 1994. He serves on the boards of The National Bank of Indianapolis, Herff Jones, Inc., Patterson Companies (NYSE-PDCO), National Association of Wholesale Distributors and the Nature Conservancy of Indiana. Lacy was recently appointed by Governor Mitch Daniels to serve as the chair of the Indians State Fair Commission. Lacy’s strong commitment to central Indiana is reflected by his current and past leadership roles with these organizations: Indianapolis Public Schools, Indianapolis 500 Festival Association, United Way, Hudson Institute, Rose Hulman Institute of Technology, Community Leaders Allied for Superior Schools (CLASS), Economic Club of Indianapolis, Central Indiana Corporate Partnership, Indianapolis Downtown Inc., St. Vincent Hospital Advisory Board and the Indianapolis Chamber of Commerce. Lacy is also active with Butler University’s Butler Business Accelerator.

Lacy and his wife, Julia, have three sons and nine grandchildren. He is a motorcycle enthusiast, a pilot and enjoys outdoor adventure travel.

About Michael L. Smith

Mike Smith served as executive vice president and chief financial officer of Anthem, Inc. and its subsidiaries, Anthem Blue Cross and Blue Shield – which merged with Wellpoint (NYSE:WLP), before retiring in 2005. His retirement followed the merger of Anthem and WellPoint Health Networks, Inc.

Prior to joining Anthem, Smith was chairman, president and CEO of Mayflower Group, Inc. from 1989-95. Mayflower operated a worldwide relocation service. He started his business career with Arthur Andersen after graduating from DePauw University in 1970.

Smith serves on several boards of directors, including the following Kite Realty Group Trust, Vectren, hhgregg Inc., Emergency Medical Services Corporation, LDI, Ltd. and Carestream Health. Smith is also serving as chairman of the Commission for Higher Education in Indiana, is a trustee of DePauw University and the Lumina Foundation.

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