"David A. Boncosky, a Central Indiana real estate development manger and marketing executive, has been named director of Indiana Economic Development Corporation's life sciences initiative.
"The IEDC said his position takes effect Aug. 6 and that as director, the Indianapolis native will lead the IEDC's efforts to attract and retain high-tech, high-paying jobs in the state.
"'David is an experienced sales and marketing professional that has demonstrated a passion and ability for successfully negotiating deals,' said Nathan Feltman, Secretary of Commerce and chief executive officer of the IEDC. 'He will play a vital role in further developing our life sciences economy.'"
Business acumen is great; however, subject matter expertise (or at least solid working knowledge) can't be underrated. Still, we're in the midst of a trend in putting CFO's in the top spot when playing executive "musical chairs." Take Thomson for example, a technology company that is run by their former CFO (note: not a techie).
Does this matter? I think so. Universities have, essentially two execute track: the university president and the provost, who is essentially the president of academics (the university's core business). Hospitals, too, have a medical director, responsible for medicine and treatment (again, their core business) and an president.
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