INDIANAPOLIS, Ind. (Indiana's NewsCenter) -- On Friday, Governor Mitch Daniels named Mike Alley as the new commissioner of the Indiana Department of Revenue and Mike Ashley as the new chief financial officer of the department.
This comes after software problems caused Indiana to lose track of more than a half-billion dollars. Two people resigned because of the tax error.
Alley will replace current commissioner John Eckart, who tendered his resignation last week but remains with the department to assist with the transition. Alley and Ashley will begin their new duties in early May.
Alley served as president and CEO of Fifth Third Bank of Central Indiana in Indianapolis from 1989 through 2002. He is currently chairman and owner of Patriot Investments, LLC, a company he founded in 2002. In 2009 he was named interim chairman and CEO of Integra Bank Corporation in Evansville, a position he held until 2011. He is the current president of the board of trustees of Indiana State University. Alley serves on a number of non-profit boards including the Indiana State University Foundation, Boy Scouts of America, the Crossroads of America Council and the United Way of Central Indiana. He earned his accounting degree from Indiana State in 1978.
Ashley has more than three decades of experience in information technology and finance, including various chief financial officer roles. He was the deputy director and chief financial officer for Indiana Department of Child Services during the time DCS moved the responsibility for child welfare financing from the counties to the state. Before joining DCS, he was director of corporate finance and investment banking at Eli Lilly from 1998-2006. He previously worked for Eli Lilly Japan KK as director of administration and strategy and as the director of finance operations and was controller at Physio Control Corp, a Lilly Medical Devices division in Seattle. In all, he was at Eli Lilly for over 29 years in various financial leadership positions. He earned his bachelor’s degree and MBA from UCLA.
State Budget Committee members agreed Friday that an outside audit of the state's budgeting and tax collection systems is needed. But they won't have an audit request ready until their next meeting.
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