Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, announces Chief Executive Officer Troland “Troy” Clay has resigned from the company. His last day at Mno-Bmadsen will be Jan. 18, 2021.
“It has been an honor to lead Mno-Bmadsen as its founding CEO for the last 10 years,” says Clay. “Our core values of making the company a problem-solving, opportunity-seizing, and reputable investment vehicle that builds the generational wealth of the tribe for future citizens has led us on the path toward success.”
Clay was one of the founding board members of Mno-Bmadsen in 2012 and was shortly thereafter recruited to assume leadership of the independent instrumentality. Since then, Mno-Bmadsen, which is derived from the Pokagon phrase “the good path,” has grown its investment portfolio to include more than 300 employees within the family of companies, more than $140 million in combined annual revenues, and a growing federal contracting operation.
“Troy used his pioneering vision and leadership skills to turn an idea from a decade ago into a diversified portfolio of investment holdings,” says Chief Financial Officer Julio Martinez. “Troy leaves Mno-Bmadsen as a strong and stable platform that is well-positioned for future growth.”
Martinez, who has worked side-by-side with Clay in developing the company’s strategy as well as sourcing deals and executing acquisitions for the last five years, will assume leadership of Mno-Bmadsen as the acting CEO.
“While we embark on this transition, Mno-Bmadsen’s path remains clear and rests with our Seven Grandfather Teachings of Wisdom, Love, Respect, Bravery, Honesty, Humility, and Truth,” explains Linda Cook, chairperson of the board of directors. “Mno-Bmadsen’s solid foundation has been set forth by Troy Clay’s strong leadership.”
With Clay’s departure, Mno-Bmadsen’s long-term strategy to buy, hold, and grow its family of companies remains on course. The vehicle’s investment pipeline is robust and plans for future acquisitions and streamlining operations will proceed accordingly.