Baldwin & Lyons Executive Chairman Resigns

Posted: Updated:

Carmel-based Baldwin & Lyons Inc. has announced Steven Shapiro has resigned as executive chairman and member of the board of directors. Chief Executive Officer Randy Birchfield says the company has decided to retire the executive chairman position as well.

Birchfield said in a news release the position was established in late 2015 during a management transition period to help develop a long-term strategic plan for Baldwin & Lyons.

"Over the last two years, the management team has successfully created and is executing a plan to grow the business and increase shareholder value," Birchfield said. "Consequently, the Board has decided to retire the Executive Chairman position and establish a more traditional corporate governance structure. The Board and I wish to thank Steve for providing his time, effort and guidance to the Company during this transition. We wish him the best as he resumes pursuit of his other interests and are pleased that he remains an interested shareholder and is invested in the Company’s success."

The company says Stuart Bilton will assume the role of lead independent director to act as a liaison between management and the board, and to assist in facilitating the board's activities. Bilton has been a board member at Baldwin & Lyons since 1987.

  • Perspectives

    • Richardson is a senior manager with Centric Consulting.

      Marketing and Sales Alignment – Easier Than You Think

      There was a time, and perhaps you’re still living in it, where marketing is expected to drive sales leads, conversations, magically help close deals, and all sorts of expectations a marketing team can never meet. This period exists because there is a misalignment in those expectations of what marketing should do and what sales should do. I like to start with the basics. Is your company providing a product or service? Is it easy to sell? Is it cheap? Do your customers buy once?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Wesemann Hall at the Valparaiso University Law School (photo courtesy Tony V. Martin/The Times of Northwest Indiana)

      Valpo School of Law Transfer Denied

      A proposal to transfer Valparaiso University's law school to another university has been shot down. The Tennessee Higher Education Commission has denied the transfer to Middle Tennessee State University, which would have led to the creation of a College of Law at the school. 

    • Daniels Envisions Purdue, Region as 'Cooler Place'

      Purdue University President Mitch Daniels says a more than $1 billion live, work, play development on the West Lafayette campus will be a magnet for attracting and keeping top talent in the region. The Discovery Park District is part of a 30-year vision to transform the west side of the Purdue campus and create a "preeminent environment" for educational, economic, cultural and community activities in the region.

    • Manufacturer to Close in Muncie

      Illinois-based JD Norman Industries is planning to close its facility in Muncie. In a notice to the state, the company says the decision will result in the layoffs of 130 employees. JD Norman did not provide a reason for the closure.

    • Mega-Merger Involves Fort Wayne Operation

      A defense industry contractor with a significant presence in Fort Wayne has announced a merger agreement. Florida-based Harris Corp. (NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) in New York say the combination will create the sixth-largest defense company in the country. In early-2015, Harris completed the $4.75 billion acquisition of Exelis, a long-time manufacturer of military radio technology in Fort Wayne. Shortly after the acquisition, Harris consolidated...

    • High Alpha Spawns Tenth Tech Startup

      The first company has launched from Indianapolis-based High Alpha since the venture studio received a $100 million infusion in July, and the tenth overall. Anvl develops software designed to reduce and prevent maintenance service industry injuries. The company is led by Hoosier tech scene veteran Robin Fleming, who previously served as vice president of technology for Angie's List before its acquisition by New York-based IAC (Nasdaq: IAC). Anvl was born out of a first-of-its-kind...