BioCrossroads CEO Moving On

Updated:
INDIANAPOLIS -

The chief executive officer of the state's life sciences initiative is stepping down. BioCrossroads says David Johnson, who has led the organization for 14 years, is leaving at the end of the year to serve as president and CEO of the Central Indiana Corporate Partnership on a full-time basis.

The CICP is the parent organization of Indiana's six talent and industry sector initiatives, including BioCrossroads. Johnson was elected president and CEO of the CICP in 2012 and has since led both organizations in a shared capacity.

"It’s definitely the right time for this transition, but it’s still a bittersweet moment for me to leave the professional team and life sciences leaders who have energized every day of my professional life for more than 15 years, starting in 2002 when I served as one of the community volunteers launching BioCrossroads," Johnson said in a news release. "This organization has never been stronger, and the prospects for this premier economic sector have never been brighter—even though the stakes for future growth are always high."

Darren Carroll, chairman of the BioCrossroads Board of Directors, celebrated Johnson's contributions to the state's life sciences industry, including raising nearly $400 million for Indiana's life sciences opportunities, as well as spearheading the Indiana Biosciences Research Institute and 16 Tech development. He says Johnson's influence on the life sciences sector "is beyond anything we could have hoped for at the onset of BioCrossroads."

Johnson's resignation will become effective December 31. Nora Doherty, senior vice president of BioCrossroads and managing director of the Indiana Seed Funds, will serve as interim president and CEO until a permanent successor is found. 

BioCrossroads has retained professional search firm Odgers Berndtson to manage the nationwide search for a new CEO.

  • Perspectives

    • Market Volatility - Fodder for Financial Fears

      Fact: The value of the stock market goes up and down.  It’s called “market volatility”.  How concerned should you be with a thousand point change in the index? Since your reaction can impact your personal portfolio, it’s most important that you have a good perspective. Significant price movements in the stock market grabbed headlines and captivated media pundits throughout 2018. The last week of the year the market experienced large price swings...

    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

    • Loeb Stadium Project in Final Design Phase

      The $17 million overhaul of Loeb Stadium in Lafayette is in its final planning stages. The Journal & Courier says the overall design of the project is complete, which includes flipping the field, an additional suite and a new entrance designed to be a more visible landmark. Lafayette Mayor Tony Roswarski unveiled plans for the reimagining of the more than 75-year-old stadium in 2017. The city council earlier this month approved a $17 million bond to fund the project.

    • Hotel, Mattress Company to Launch Collaboration

      Jeffersonville-based Bowles Mattress Co. and West Baden Springs Hotel in Orange County will Monday officially launch their new mattress series. The partnership, first announced last month, will make the mattresses that had previously only been made for the resort available to the public.

    • Eleven Fifty Says State Support Will Bring '100x Return'

      As Eleven Fifty Academy looks to expand statewide, founder Scott Jones is looking to state legislators for support. He says Next Level Jobs legislation two years ago allowed the coding academy to access about $1.5 million to grow its programs, which he says will result in $150 million in Hoosier income over 10 years. Jones is now looking for up to $20 million, which he says could lead to $1.5 billion in Hoosier income over a decade. During an interview on Inside INdiana Business...

    • Silberline Closing Decatur Facility

      Pennsylvania-based Silberline Manufacturing Co. is detailing plans to close its facility in Adams County. In a notice to the state, the company says the closure will result in the layoffs of 50 employees.

    • Two Indiana Banks on Forbes Best List

      Forbes has ranked the best banks in the country and Indiana has placed two on the list. First Merchants Bank finished 2nd, and Old National Bancorp came in at 97. The metrics used by the publication include tangible common equity, return on average assets, net interest margin,  efficiency ratio and net charge-offs as a percentage of total loans.