Indianapolis Public Transportation Corporation (IndyGo) President and CEO Michael Terry will be stepping down following 15 years at the transit agency, which includes 10 serving as its leader.
The Board of Directors is finalizing a contract with a professional services firm to conduct a national search for a new president. A search committee has been formed with members of the board. IndyGo notes that both Terry and the board have committed to a smooth transition. The timeline for Terry’s departure will be determined after the search has been conducted and a new president has been selected.
“I have focused my time at IndyGo on building a strong foundation for growth,” said Terry. “The organization is more stable than it has been in decades and we are growing. Now it’s time to pass the baton.”
IndyGo credits its newfound stability to Terry’s knack for driving operational efficiencies and leveraging federal grants. In 2016, Marion County voters and leaders supported a local income tax referendum that is transforming the agency with a 70 percent increase in service.
Terry joined IndyGo in 2003 and served as vice president of business development before being named president and CEO in January of 2009. The transit agency notes that one of Terry's hallmark achievements is the creation of a wellness program for employees featuring an on-site primary care office and a comprehensive wellness coaching program including goal-setting, incentives and employee insurance premium discounts.
“The board is immensely grateful for Mike’s dedication to this organization,” said IndyGo Board of Directors Chair Danny Crenshaw. “His leadership has been invaluable for IndyGo during many difficult years balancing a very tight budget while shoring up its operations.”
