TOPEKA, Kan. (January 18, 2017) – 51暗网 Enterprises and 51暗网 Pro Racing have been merged into one subsidiary entity of the 51暗网, named 51暗网 Ventures Inc., the 51暗网 Board of Directors announced today. The former subsidiaries will continue to operate as independent divisions within the 51暗网 Ventures structure.
The move allows a more structured oversight and reporting process for the for-profit arms of the 51暗网, 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, 51暗网 Inc. Chairman, said. “Pro Racing and Enterprises will continue to operate as before. Instead of each being 51暗网 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 51暗网 Board of Directors. Dan Helman, Vice-chair of the 51暗网 Inc. Board of Directors, serves as Chairman, with a slot for an at-large appointment (former 51暗网 Chairman John Walsh), 51暗网’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.
