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Michael L. Smith '70 Joins Board of LDI Ltd.

July 20, 2005

mike smith.jpgJuly 20, 2005, Greencastle, Ind. - Michael L. Smith, former executive vice president and chief financial officer for Anthem, Inc. and 1970 graduate of DePauw University, has been elected to the board of managers of LDI Ltd., LLC. Headquartered in Indianapolis, LDI Ltd. is a holding company that focuses on the distribution industry.

"Mike brings years of experience and expertise to our Board that will help expand our abilities to bring new products and services to our customers," says André B. Lacy, LDI chairman and chief executive officer. Smith serves on the board of FinishMaster, Inc. -- an LDI subsidiary -- and will continue in both capacities, noted Lacy.

A story posted at Yahoo! News notes, "Before his retirement from Anthem in 2005, Smith was responsible for accounting, reporting and overall financial, tax and investment management of Anthem. He was the co-executive sponsor of Anthem's $4 billion initial public offering in 2001, when Anthem executed one of the largest IPOs in the history of the New York Stock Exchange. His retirement followed the merger of Anthem and WellPoint Health Networks, Inc. Prior to joining Anthem, Smith was chairman, president and chief executive officer of Mayflower Group, Inc. from 1989 to 1995 ... and held other management positions at Mayflower from 1974 1989. He started his business career in the Indianapolis office of Arthur Andersen & Co. Smith graduated from DePauw University in 1970."

The article also notes Mike Smith's community involvement, including his service on DePauw's Board of Trustees. Read more by clicking here.

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