Indiana Oxygen ________________________________________________________________________________________
We are the longest continuous assessory and sponsor at the Indianapolis 500 . We have been providing gas and welding services for the race teams every single Indy 500 since 1915 . The nitrogen cylinders are used to run the pneumatic tools that take the lugnuts off the tires , and also operate the onboard jack ’ s when cars come in for pitstops .
Honesty and integrity
As of August 2023 , Jay is Indiana ’ s new CEO , while Anne , with a background in law , is the new Executive Vice President , looking after the financial , HR , administrative , and
legal sides of the business . Wally heavily contributed to the succession process , by transferring 90 percent of the company stock ( all ‘ non-voting ’) to Jay and Anne while keeping the other ten percent and voting control . “ Although eventual equal stockownership can create an awkward stalemate , Jay and Anne have always cooperated and respected one another , even as teenagers ,” Wally recalls .
“ As CEO , everyone looks to you , but you shouldn ’ t make a statement of separating yourself as different from all the other employees . I believe that the most important thing for anyone to do , whether in professional or personal life , is to be straightforward , approachable , and empathetic .
“ They have an obligation to exercise honesty and integrity while trying to grow the business ,” Wally concludes . “ We ’ re easily on track to reach $ 100 million in revenue this year , for instance , as opposed to $ 2.1 million when I joined in 1979 . I ’ m excited to see Jay and Anne move the company forward , and I ’ m sure that whatever direction they choose to take will bring them every success .” ■
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