The president and CEO of Bosma Enterprises announced Monday that he plans to retire next summer.
Lou Moneymaker, 73, who has been in the position since 2001, plans to retire July 31. He also will step down from his role on the board of directors for the Bosma Visionary Opportunities Foundation.
During his time leading Bosma Enterprises, a not-for-profit that provides assistance those who are blind or visually impaired, the organization’s annual revenue has grown from $2 million to $70 million. It is the 22nd largest not-for-profit in the Indianapolis area, according to IBJ research.
Prior to joining Bosma Enterprises, Moneymaker spent 32 years with the Indiana School for the Blind and Visually Impaired, serving in various roles, including teacher, coach, assistant principal and dean of students. He also helped establish the United States Association of Blind Athletes in the 1970s.
Moneymaker received compensation of $288,807 in 2016, according to the Bosma Enterprise’s latest tax filing.
“Lou has transformed Bosma Enterprises by expanding job opportunities at all levels of the company and expanding programs making the company the largest employer and service provider in Indiana solely focused on people experiencing vision loss,” Bosma Enterprises board chair Danielle Tucshong said in a written statement. “Our organization and leadership team have never been stronger. We wish Lou the very best in his retirement.”
The board of directors for Bosma Enterprises is expected to hire Moneymaker’s successor before his retirement.
A public open house celebrating Moneymaker is being planned for July.