Ports of Indiana Names New CEO

Posted: Updated:
Vanta E. Coda II Vanta E. Coda II

The Ports of Indiana has named Vanta E. Coda II its next chief executive officer. Coda most recently served as executive director of the Duluth Seaway Port Authority, which the organization says is the busiest port district on the Great Lakes. His previous experience also includes an executive role with Jeffersonville-based American Commercial Barge Lines. Coda succeeds Rich Cooper, who is retiring next month after 16 years with the Ports of Indiana. 

The organization says, during Coda's time with the Duluth Seaway Port Authority, he oversaw $24 million in infrastructure renewal products, opened an intermodal terminal and launched the Duluth Connect Initiative. Ports of Indiana Commission Chairman Ken Kaczmarek says Vanta's "extensive experience" 

Cooper was hired in 2001 as chief operating offer and became CEO in 2005. The Ports of Indiana says, in that time, it experienced unprecedented growth and became a completely self-funded operation. Cooper says the last four years have been the best in the organization's 57-year history, and believes 2018 will continue that pattern.

The Ports of Indiana reported handling 11.8 million tons in 2017, which is a 5 percent increase over 2016 and the second-highest annual shipment total in the organization's history. In a February interview with Inside INdiana Business, Cooper also cited South Korea-based POSCO's (NYSE: PKX) $21 million investment in southeast Indiana and California-based Metro Ports launching a major operation in northwest Indiana as major factors in the ports' growth.

Coda comes to the ports building on a 25-year logistics career. He began with the Illinois Central Railroad, eventually rising to director of marketing and sales. He has also held leadership positions with Westlake Group of Companies, Dynergy Inc. and Nabors Industries. Cooper expects to stay on through at least March to help with the transition.

  • Perspectives

    • An Antidote For First-Time Homebuyer Jitters

      If you're a Millennial like I am, chances are you're in the market to purchase your first home. It's exciting!  But since it's most likely the largest purchase you've ever made, it can quickly turn into a nerve-racking endeavor. Having just completed a transaction, I found that following these guidelines can ensure a smooth process. Every homebuyer's experience will be different because of a number of variables such as what state you live in and the condition of the housing mark...
    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

    • Colts Makes Promotions, Hires

      The Indianapolis Colts have announced the following changes to its football operations staff and team. Ed Dodds has been named assistant general manager. He enters his second season with the Colts and his 16th year in the NFL. Brian Decker has been promoted to director of player development. Jon Shaw has been elevated to assistant director of pro scouting. Also, Stephanie Pemberton (pictured) has been promoted to vice president of marketing.

    • Mark Music is chairman of Ruoff Financial Corp.

      Ruoff to Acquire White County Bank

      Fort Wayne-based Ruoff Financial Corp. has announced plans to acquire SBB Bancshares Inc. in White County. Financial terms were not disclosed, however Ruoff says once the deal is complete, SBB subsidiary State Bank of Burnettsville will be renamed and operate as Ruoff Bank. The acquisition is expected to be complete in the fourth quarter. Ruoff says no job losses are expected. Ruoff Financial Corp. is the parent of Ruoff Home Mortgage, which has more than...

    • Sazerac Acquires Former General Mills Plant

      Louisiana-based Sazerac Co. Inc. has made the first step in its recently-announced plans to locate a new alcohol bottling facility in Indiana. The company has purchased the former General Mills plant in New Albany for an undisclosed sum, a move that is part of an overall $66 million investment that is expected to create up to 110 jobs by 2021. A joint venture between New Mill Capital Holdings LLC and Tiger Group sold the facility to Sazerac. The 455,000-square-foot plant closed...

    • Nonprofit to Present DCS Findings

      Officials from the Alabama-based Child Welfare Policy and Practice Group will Monday present the final findings and recommendations from its evaluation of the Indiana Department of Child Services. Governor Eric Holcomb requested the assessment in December following the resignation of former DCS Director Mary Beth Bonaventura.

    • Pogue's Run Grocer opened in 2010.

      Pogue's Run Grocer Closing

      An Indianapolis grocery co-operative says it will close Tuesday. Pogue's Run Grocer, which opened on the city's near east side in 2010, announced on Facebook that sales are at the lowest they've ever been and "the store has reached a point where it cannot sustain itself and the people who are carrying most of the burden are the employees." Pogue's Run has focused on selling local produce and organic and responsibly-sourced foods.