The co-founder and chief executive officer of Indianapolis-based tech company Bloomerang has stepped down. The company says Jay Love, who has served as CEO since the company was founded in 2012, will continue as chairman of the board and will assume the part-time role of chief relationship officer.
Bloomerang co-founder Ross Hendrickson, who has previously served as chief operating officer and chief financial officer, was unanimously named CEO by the company’s board of directors following Love’s recommendation. Love says the transition has been planned since Bloomerang’s founding.
"This is not your typical retirement announcement," said Love. "I plan on staying involved with the executive team for many more years to come. Even though this new role will allow me to spend more time with family and charitable interests, it will also allow me to spend more one-on-one time with Bloomerang customers and partners."
Prior to starting Bloomerang, Love served as CEO of eTapestry, Social Solutions and Master Software. He was also a founding member of the TechPoint Foundation for Youth and the founding chairman of NPower Indiana.
Bloomerang provides cloud-based donor management software designed for nonprofit organizations.