TOPEKA, Kan. (January 18, 2017) – 午夜福利51xxtv Enterprises and 午夜福利51xxtv Pro Racing have been merged into one subsidiary entity of the 午夜福利51xxtv, named 午夜福利51xxtv Ventures Inc., the 午夜福利51xxtv Board of Directors announced today. The former subsidiaries will continue to operate as independent divisions within the 午夜福利51xxtv Ventures structure.
The move allows a more structured oversight and reporting process for the for-profit arms of the 午夜福利51xxtv, and provides a number of administrative advantages for the businesses.
“To the outside world and for the customers and clients of the entities, this change will appear seamless,” Lee Hill, 午夜福利51xxtv Inc. Chairman, said. “Pro Racing and Enterprises will continue to operate as before. Instead of each being 午夜福利51xxtv wholly-owned corporate entities, they are now divisions of a single wholly-owned corporate entity, with some administrative tasks, such as accounting, combined.”
The oversite of Ventures is a five-person corporate board, which reports to the 午夜福利51xxtv Board of Directors. Dan Helman, Vice-chair of the 午夜福利51xxtv Inc. Board of Directors, serves as Chairman, with a slot for an at-large appointment (former 午夜福利51xxtv Chairman John Walsh), 午夜福利51xxtv’s senior finance employee (Mindi Pfannenstiel), and the respective Division presidents (Mike Collins and Roby Clark). Each division’s current board will remain active as a committee to guide the respective operations.
