Sources close to the Moreno Group say Mike Moreno has relocated from Lafayette to Dallas, put his luxury River Ranch mansion on the sale block and is no longer involved in the day-to-day management of the local energy behemoth, the The Independent Weekly in Lafayette reports. Moreno Group, headquartered in Lafayette, recently ranked No. 1 on ABiz‘s list of Acadiana’s Top 50 Privately Held Companies, reporting $616 million in 2010 revenue. “Always the risk-taker, Moreno, who is in his early 40s, is in the process of developing a new business in Dallas,” the newspaper reports. “He still owns approximately 50% of Moreno Group.” To read The Independent‘s full story on Moreno, click here. A June 2010 Business Report cover story about Moreno’s plan to build a smart-growth, new-urbanist development on 30 acres near Magnolia Mound Plantation is available here.
Moreno reportedly leaves Louisiana
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