Indiana Gov. Mitch Daniels last week tapped a new commissioner of the Department of Revenue after the outgoing commissioner and two of his top deputies resigned in the wake of a pair of high-profile accounting errors.
Daniels named as commissioner Mike Alley, former president and chief executive of Fifth Third Bank of central Indiana who is currently chairman and owner of Patriot Investments LLC.
Alley is also the current president of the board of Indiana State University.
Daniels tapped Mike Ashley as the department’s new chief financial officer. Ashley previously served as CFO for the Indiana Department of Child Services and director of corporate finance and investment banking at Eli Lilly from 1998 to 2006, according to the governor’s office.
Alley replaces Commissioner John Eckhard, who will remain at the department to oversee the transition, and Ashley replaces Darrel Anderson. The chief information officer also left.
The three resigned after state officials disclosed that an accounting error led to the withholding of $205 million in local-option income tax revenue that should have gone to county governments.
It was the second high-profile mistake by the Revenue Department within the last several months.
In early January, Daniels announced that revenue officials discovered $320 million in corporate income taxes that the state collected but failed to record over a four-year period.