Michigan-based Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, has announced Chief Executive Officer Troland “Troy” Clay has resigned from the company. Chief Financial Officer Julio Martinez, who worked side-by-side with Clay in developing the company’s strategy, will serve as the acting CEO.
Clay’s last day at the company will be January 18.
“It has been an honor to lead Mno-Bmadsen as its founding CEO for the last 10 years,” said Clay. “Our core values of making the company a problem-solving, opportunity-seizing, and reputable investment vehicle that builds the generational wealth of the tribe for future citizens has led us on the path toward success.”
Mno-Bmadsen, which is derived from the Pokagon phrase “the good path,” says it has grown its investment portfolio to include more than 300 employees and more than $140 million in combined annual revenues.
“Troy used his pioneering vision and leadership skills to turn an idea from a decade ago into a diversified portfolio of investment holdings,” said Martinez. “Troy leaves Mno-Bmadsen as a strong and stable platform that is well-positioned for future growth.”
With Clay’s departure, Mno-Bmadsen says its long-term strategy to buy, hold, and grow its family of companies is stable.