February 13, 2021 at 3:04 a.m.
Eubanks leaving CR for job in Indy
Business roundup
Eubanks leaving CR for job in Indy
The Commercial Review’s city reporter is headed back home.
Editor and publisher Ray Cooney announced this week that reporter Riley Eubanks will be leaving his post next week for a public relations internship with the Indiana Donor Network.
“Portland has treated me well, and I’ve enjoyed my time here,” Eubanks said, “but it’s time for me to go home.”
Eubanks, an Indianapolis native, began at The Commercial Review in December 2019, two days after graduating from Ball State University with a bachelor’s degree in journalism.
In his time in Portland, he wrote stories about the city’s transition to a new mayor and police chief in addition to regular reporting duties regarding the state legislature and the ongoing COVID-19 pandemic.
He also recently graduated from Arizona State University with a master’s degree and celebrated by adopting two dogs, Reggie and Cheryl.
Celebrating this year
In addition to electing officers and honoring local businesses that celebrated anniversaries in 2020, Jay County Chamber of Commerce recently recognized businesses that will be celebrating milestone anniversaries this year.
They are as follows:
•90 years — Barnum-Braun Insurance
•70 years — The Portland Foundation and WPGW
•60 years — Indiana Michigan Power
•50 years — J&P Custom Plating
•40 years — Edward Jones Financial (advisor Drew Houkc), Jim Byrd Income Taxes and Bookkeeping and State of the Heart Care
•30 years — Key Palace Theatre and Payless Pizza
•20 years — Crown Pointe of Portland, Harvest Land Co-op, Jay County Visitor & Tourism Bureau, John Jay Center for Learning and West Jay Community Center
•15 years — Advanced America, Murphy USA, Patriot Fitness, Performance Tool, Remember When and The Rock
•10 years — Great Deals
Nelson named
Dr. Cameron Nelson and Dr. Nicholas Nussbaum have been promoted to director of medical affairs for hospital services and director of medical affairs for community services, respectively, at Adams Memorial Hospital.
Nelson, a graduate of Wright State University, will oversee clinical provider services at the hospital in acute care settings. He has been with Adams Memorial Hospital since 1996 and has also served as team physician for Bellmont High School.
Nussbaum, who graduate from South Adams High School in 1997 and went on to Wabash College and then Indiana University School of Medicine, will be responsible for physician and advanced practice provider leadership. He has been with Adams Memorial since 2008, starting at the office in Monroe.
BSU ends contract
Ball State University is ending its contract with Jamba Juice, the Ball State Daily News reported Thursday.
Jamba Juice is currently located in the university’s atrium. It will be replaced by the Atrium Cafe & Convenience Store, which will open Monday.
“The five-year agreement between Ball State University and Jamba Juice was due for renewal,” Karen Adkins, senior director of auxiliary services, told the DN in an email. “Based on declining customer counts and sales, University Dining recommended a non-renewal of the agreement.”
Scout applies
Scout Clean Energy on Monday filed an application with Washington State Energy and Facility Site Evaluation Council for its proposed renewable energy facility.
Scout, which owns and operates Bitter Ridge Wind Farm in Jay County, hopes to construct a facility that would combine wind, solar and battery energy storage in a single location. It first announced the Benton County, Washington, project in early 2020.
“We are excited to formally submit our application, bringing the project one step closer to becoming a reality and helping Washington and the Pacific Northwest reach their clean energy goals,” said Scout CEO Michael Rucker in a press release.
Ardagh to release
Ardagh Group has announced plans to release its fourth-quarter and full-year earnings results Tuesday.
Ardagh, which operates glass manufacturing plants in Dunkirk and Winchester, will release its results on its website — ardaghgroup.com — at 7 a.m. Feb. 16. An investor webcast and conference call will be held at 10 a.m. the same day.
CFO resigns
Eli Lilly senior vice president and chief financial officer Josh Smiley resigned recently after “allegations of an inappropriate personal relationship” with an employee, the Associated Press reported this week.
The Indianapolis-based company named Lilly Research Laboratories CFO Anat Ashkenazi to replace Smiley. Ashkenazi has been with Eli Lilly since 2001.
Eli Lilly has replaced its chief financial officer who resigned following an investigation into a personal relationship that violated company policy.
An independent investigation found “consensual though inappropriate personal communications” between Smiley and some employees and behavior that demonstrated poor judgment, the company told the AP.
Shamrocks are back
McDonald’s is bringing back its Shamrock treats.
The fast food restaurant chain announced this week that Shamrock shakes and OREO Shamrock McFlurry’s will return Monday.
“For more than 50 years, fans have eagerly awaited the annual return of the Shamrock Shake, counting on the arrival of Shamrock Shake Season to mark the unofficial start to spring,” said McDonald’s senior director of culinary Chad Schafer in a press release. “And we heard they especially enjoyed getting a taste of the … Shamrock flavor in a new way last year with the OREO® Shamrock McFlurry.”
McDonald’s also announced this week that it is bringing back Hi-C Orange Lavaburst, which has been off of the menu since 2017. It is expected to be available nationwide by the summer.
Advance teaming
Advance Auto Parts announced this week that it is partnering with NASCAR’s Team Penske for the No. 12 Ford Mustang driven by Ryan Blaney in the Cup Series.
Advance plans to showcase NASCAR-sanctioned local short tracks across the United States and Canada as part of the NASCAR Advance Auto Parts Weekly Series. Each week, two different tracks will be featured on Blaney’s car.
“We are delighted to partner with Team Penske to advance local racing through this activation,” said Jason McDonell, Advance’s chief marketing officer, in a press release. “We believe this program will create a sense of pride with each of NASCAR’s local tracks while drawing more attention to the vital role these tracks play in their communities.”
Comcast awarding
Comcast announced Tuesday that its RISE Investment Fund will provide $5 million in grants to minority-owned small businesses.
The first round of grants will be open for applications March 1 for eligible businesses in Chicago, Detroit, Philadelphia, Houston and Atlanta. The company plans to award 100 grants per city in May.
The grants are part of Comcast RISE’s effort launched last year.
Roark to raise
Roark Capital, a private-equity firm that owns Arby’s, has established a new fund and plans to raise $5 billion, QSR magazine reported this week.
The new fund would be the same size as a previous Roark effort that closed in October 2018. The firm’s affiliates have acquired 90 franchises and brands that cover more than 60,000 locations, including Buffalo Wild Wings and Jimmy John’s in addition to Arby’s.
O’Reilly increases
O’Reilly Auto Parts announced Tuesday that its earnings for the fourth quarter of 2020 were up 11.2% over the same period last year. The company also announced a 10.9% increase in 2020 over 2019.
Sales for the fourth quarter increased $346 million to $2.83 billion. For the year, sales came in at $11.6 billion, up $1.45 billion from 2019.
“We are extremely pleased to report another record-breaking quarter to finish out 2020, with the incredible performance by Team O’Reilly in the fourth quarter capping the best full-year financial results in our company’s history,” said O’Reilly CEO and co-president Greg Johnson in a press release.
Editor and publisher Ray Cooney announced this week that reporter Riley Eubanks will be leaving his post next week for a public relations internship with the Indiana Donor Network.
“Portland has treated me well, and I’ve enjoyed my time here,” Eubanks said, “but it’s time for me to go home.”
Eubanks, an Indianapolis native, began at The Commercial Review in December 2019, two days after graduating from Ball State University with a bachelor’s degree in journalism.
In his time in Portland, he wrote stories about the city’s transition to a new mayor and police chief in addition to regular reporting duties regarding the state legislature and the ongoing COVID-19 pandemic.
He also recently graduated from Arizona State University with a master’s degree and celebrated by adopting two dogs, Reggie and Cheryl.
Celebrating this year
In addition to electing officers and honoring local businesses that celebrated anniversaries in 2020, Jay County Chamber of Commerce recently recognized businesses that will be celebrating milestone anniversaries this year.
They are as follows:
•90 years — Barnum-Braun Insurance
•70 years — The Portland Foundation and WPGW
•60 years — Indiana Michigan Power
•50 years — J&P Custom Plating
•40 years — Edward Jones Financial (advisor Drew Houkc), Jim Byrd Income Taxes and Bookkeeping and State of the Heart Care
•30 years — Key Palace Theatre and Payless Pizza
•20 years — Crown Pointe of Portland, Harvest Land Co-op, Jay County Visitor & Tourism Bureau, John Jay Center for Learning and West Jay Community Center
•15 years — Advanced America, Murphy USA, Patriot Fitness, Performance Tool, Remember When and The Rock
•10 years — Great Deals
Nelson named
Dr. Cameron Nelson and Dr. Nicholas Nussbaum have been promoted to director of medical affairs for hospital services and director of medical affairs for community services, respectively, at Adams Memorial Hospital.
Nelson, a graduate of Wright State University, will oversee clinical provider services at the hospital in acute care settings. He has been with Adams Memorial Hospital since 1996 and has also served as team physician for Bellmont High School.
Nussbaum, who graduate from South Adams High School in 1997 and went on to Wabash College and then Indiana University School of Medicine, will be responsible for physician and advanced practice provider leadership. He has been with Adams Memorial since 2008, starting at the office in Monroe.
BSU ends contract
Ball State University is ending its contract with Jamba Juice, the Ball State Daily News reported Thursday.
Jamba Juice is currently located in the university’s atrium. It will be replaced by the Atrium Cafe & Convenience Store, which will open Monday.
“The five-year agreement between Ball State University and Jamba Juice was due for renewal,” Karen Adkins, senior director of auxiliary services, told the DN in an email. “Based on declining customer counts and sales, University Dining recommended a non-renewal of the agreement.”
Scout applies
Scout Clean Energy on Monday filed an application with Washington State Energy and Facility Site Evaluation Council for its proposed renewable energy facility.
Scout, which owns and operates Bitter Ridge Wind Farm in Jay County, hopes to construct a facility that would combine wind, solar and battery energy storage in a single location. It first announced the Benton County, Washington, project in early 2020.
“We are excited to formally submit our application, bringing the project one step closer to becoming a reality and helping Washington and the Pacific Northwest reach their clean energy goals,” said Scout CEO Michael Rucker in a press release.
Ardagh to release
Ardagh Group has announced plans to release its fourth-quarter and full-year earnings results Tuesday.
Ardagh, which operates glass manufacturing plants in Dunkirk and Winchester, will release its results on its website — ardaghgroup.com — at 7 a.m. Feb. 16. An investor webcast and conference call will be held at 10 a.m. the same day.
CFO resigns
Eli Lilly senior vice president and chief financial officer Josh Smiley resigned recently after “allegations of an inappropriate personal relationship” with an employee, the Associated Press reported this week.
The Indianapolis-based company named Lilly Research Laboratories CFO Anat Ashkenazi to replace Smiley. Ashkenazi has been with Eli Lilly since 2001.
Eli Lilly has replaced its chief financial officer who resigned following an investigation into a personal relationship that violated company policy.
An independent investigation found “consensual though inappropriate personal communications” between Smiley and some employees and behavior that demonstrated poor judgment, the company told the AP.
Shamrocks are back
McDonald’s is bringing back its Shamrock treats.
The fast food restaurant chain announced this week that Shamrock shakes and OREO Shamrock McFlurry’s will return Monday.
“For more than 50 years, fans have eagerly awaited the annual return of the Shamrock Shake, counting on the arrival of Shamrock Shake Season to mark the unofficial start to spring,” said McDonald’s senior director of culinary Chad Schafer in a press release. “And we heard they especially enjoyed getting a taste of the … Shamrock flavor in a new way last year with the OREO® Shamrock McFlurry.”
McDonald’s also announced this week that it is bringing back Hi-C Orange Lavaburst, which has been off of the menu since 2017. It is expected to be available nationwide by the summer.
Advance teaming
Advance Auto Parts announced this week that it is partnering with NASCAR’s Team Penske for the No. 12 Ford Mustang driven by Ryan Blaney in the Cup Series.
Advance plans to showcase NASCAR-sanctioned local short tracks across the United States and Canada as part of the NASCAR Advance Auto Parts Weekly Series. Each week, two different tracks will be featured on Blaney’s car.
“We are delighted to partner with Team Penske to advance local racing through this activation,” said Jason McDonell, Advance’s chief marketing officer, in a press release. “We believe this program will create a sense of pride with each of NASCAR’s local tracks while drawing more attention to the vital role these tracks play in their communities.”
Comcast awarding
Comcast announced Tuesday that its RISE Investment Fund will provide $5 million in grants to minority-owned small businesses.
The first round of grants will be open for applications March 1 for eligible businesses in Chicago, Detroit, Philadelphia, Houston and Atlanta. The company plans to award 100 grants per city in May.
The grants are part of Comcast RISE’s effort launched last year.
Roark to raise
Roark Capital, a private-equity firm that owns Arby’s, has established a new fund and plans to raise $5 billion, QSR magazine reported this week.
The new fund would be the same size as a previous Roark effort that closed in October 2018. The firm’s affiliates have acquired 90 franchises and brands that cover more than 60,000 locations, including Buffalo Wild Wings and Jimmy John’s in addition to Arby’s.
O’Reilly increases
O’Reilly Auto Parts announced Tuesday that its earnings for the fourth quarter of 2020 were up 11.2% over the same period last year. The company also announced a 10.9% increase in 2020 over 2019.
Sales for the fourth quarter increased $346 million to $2.83 billion. For the year, sales came in at $11.6 billion, up $1.45 billion from 2019.
“We are extremely pleased to report another record-breaking quarter to finish out 2020, with the incredible performance by Team O’Reilly in the fourth quarter capping the best full-year financial results in our company’s history,” said O’Reilly CEO and co-president Greg Johnson in a press release.
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