John HodowalJohn Hodowal - Indianapolis Star Library
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...John R. HodowalCEO of IPALCO Enterprises
Born : Feb.16 , 1945 , in Dayton , Ohio.Family : Wife , Caroline ; two daughtersTitles : Chairman of the board and president of IPALCO Enterprises
; chief executive officer of Indianapolis Power & Light Co
Salary : Total 1999 compensation : $ 5.35 millionEducation : Bachelor of science degree in industrial engineering from Purdue University
; doctor of jurisprudence degree from Indiana University School of LawHobbies : Harley-Davidson motorcycles
...16 , 1945 , John Raymond Hodowal grew up in Richmond , Ind. His grandfather's encouragement , an aptitude for science and a desire to build things led him to Purdue University , where he graduated in 1966 with a bachelor's degree in engineering
.He started law school at Indiana University the next year but left in 1967 to take an insurance job in Indianapolis
.Nine months later , about to become a first-time father , Hodowal joined Indianapolis Power & Light as a junior engineer
continued law school part-time and graduated in 1970 , a year before his
second daughter was born.
After stints in the utility's engineering and legal departments , Hodowal
was set to move to Virginia and open a law practice with a friend.In 1976 , he
went to then-IPL Chairman Zane Todd to submit his
decided to stay , spending the next 13 years in utility finance.Hodowal
also helped set up IPALCO Enterprises
, the holding company that became IPL's parent , as well as Mid-America Capital Resources Inc.
, another subsidiary overseeing non-utility businesses.It was as president of Mid-America
in 1984 that Hodowal first caught the attention of Indiana's business community.The company
bought , and sold within two years , Indianapolis Cablevision Inc.
, a cable television provider.The deal earned IPALCO
a $ 48 million profit and Hodowal a $ 300 , 000 bonus.In 1989 , Hodowal was named chairman and chief executive of IPALCO
As chairman , Hodowal
initiated the failed 1993 effort to buy Public Service Indiana.The hostile takeover attempt ran for five months , turned bitter and ultimately failed when IPALCO
couldn't muster the votes to elect a slate of candidates to PSI's board of directors.The cost to IPALCO
was estimated at $ 34 million.
In 1999 Hodowal
led a campaign to construct a memorial to Medal of Honor winners.The $ 2.5 million memorial was dedicated in May 1999.Selected stories on John Hodowal :
IPALCO chief has reputation as a big thinker , daring leader.