BLOOMINGTON, Ind. – Five alumni of the Indiana University Kelley School of Business from around the world will be honored for professional achievement during the 2022 Kelley Alumni Awards Ceremony on Oct. 1 at IU Bloomington.
Being named to the Kelley School of Business Academy of Alumni Fellows are:
- Joo Youn Boe, managing director with Morgan Stanley Private Wealth Management
- Dr. David A. Hormuth, heart and lung procurement surgeon, Star Teams Transplant
- Maurice Markey, chief executive officer of Pro Food Solutions, an IMB Partners portfolio company.
The 2022 Distinguished Entrepreneur Award will be presented to Bambang Panutomo, founder and advisor of Batavia Prosperindo International, based in Singapore. Shelley Raper, a relationship banker with PNC Bank in Carmel, Indiana, will receive the Volunteer Leadership Award.
“It’s always an honor to recognize Kelley School alumni who have left their marks on their communities and at their companies, and who reflect the leadership and successes associated with the many people who make up Kelley’s alumni network of 126,000,” said Ash Soni, interim dean of the Kelley School and The SungKyunKwan Professor. “We remain among the most innovative and respected business schools in the world because of the success and support of our alumni.”
To date, 251 individuals have been honored as members of the Academy of Alumni Fellows for their outstanding accomplishments (See the complete listing of award winners). Here’s more about this year’s award recipients:
Joo Youn Boe
Joo Youn Boe is a managing director with Morgan Stanley Private Wealth Management and leads a team that focuses exclusively on the complex financial needs of affluent families and individuals.
Prior to joining Morgan Stanley in 2015, Joo served as a director at Credit Suisse for more than seven years, customizing investment and lending strategies for ultra-high net worth clients. She began her financial services career at Goldman Sachs in 2000.
An accomplished pianist, Joo earned bachelor’s and master’s degrees in piano performance at the IU Jacobs School of Music, where she studied with Menahem Pressler of the Beaux Arts Trio. She received a grant from National Endowment for the Arts and performed as an Artist in Residence with the Emile Beaux Jeux piano trio. She has also performed with major orchestras across the United States.
Following her professional music career, Joo returned to IU to earn her MBA in finance and marketing from the Kelley School in 2000. In 2012, she was invited to give the Kelley School’s commencement address, which was recognized by Bloomberg as one of the top 20 addresses of the year.
She has served on the boards of the Chicago High School for the Arts, the International Violin Competition of Indianapolis and the Minnesota Orchestra. She currently sits on the board of directors for the Juvenile Protective Association and serves on the Kelley School’s Dean’s Council.
Dr. David A. Hormuth
Dr. David Hormuth has completed four separate degrees from Indiana University, including a Bachelor of Science in Pre-Optometry in 1977, a Doctor of Optometry in 1979 and a Doctor of Medicine in 1983. In 2015, he earned his fourth degree as a member of the first cohort of the Business of Medicine MBA at the IU Kelley School of Business.
Hormuth did his general surgical residency at Methodist Hospital in Indianapolis and became an active participant in the Heart Transplant Program. He continued his surgical training in cardiothoracic surgery at the Medical College of Wisconsin. Returning to Indianapolis in 1990, he joined Cardiovascular Surgical Associates at Methodist Hospital.
In 2014, Hormuth left IU Health to create Advanced Cardiothoracic Consultants, LLC, with his wife Renee Lassinger.
Hormuth has held multiple leadership positions, including chairman of cardiothoracic surgery at St. Vincent Evansville, chairman of the Executive Transplant Policy Committee at IU Health, the surgical director of cardiac transplantation at IU Health and professor of clinical surgery at IU. He is an adjunct faculty member at Kelley, where he teaches healthcare operations management for MBA students, and serves on the U.S. Senate’s Healthcare Advisory Council.
He has received multiple honors both locally and nationally, including being named to America’s Top Surgeons in Cardiothoracic Surgery each year since 2008. He was a recipient of the Bicentennial Medal as well as the IUPUI Spirit of Philanthropy Award for efforts to support scholarship development including an optometry award honoring his father, Dr. James O. Hormuth.
Hormuth is a member of the IU School of Optometry’s Dean’s Development Council. He also served as the inaugural chair of the Business of Medicine MBA Alumni Advisory Board. He recently contributed to IU on the School of Public Health Advisory Board exploring the need for advanced degrees in biostatistics.
He currently works with Star Teams, Inc., providing heart and lung recovery services for transplants.
Maurice D. Markey
Maurice D. Markey is a chief executive officer, global brand builder and strategist, board director, and education advocate who leads with passion, inspiration, and an unwavering sense of accountability in both the public and private sectors. He draws from a successful career that spans engineering to senior leadership with two Fortune 100 companies and one Fortune 500 company. Markey brings deep “blue chip” operational experience with best-in-class organizations: private equity (IMB Partners), consumer goods (Kraft Foods), retail/e-retail (Walmart and Designer Brands) and pharmaceuticals (Lilly).
Markey is the CEO for Pro Food Solutions, private equity firm IMB Partners’ three company, multi-hundred-million-dollar global food platform and leading supplier to the U.S. military. Formerly, Markey was vice president, head of strategy, corporate communications and investor relations for Designer Brands, Inc., North America’s largest shoe retailer (DSW Shoes). He serves as a board director for Alder Foods and Richmond Wholesale, portfolio companies of IMB Partners.
Markey’s notable past roles are a rare and unique combination of consumer goods and retail experience; to include, marketing and commercial leader and member of Lilly’s U.S. Diabetes executive team, where he led the launch of an unprecedented innovative new class of drugs (Biosimilar insulin). Markey led the private brands business as a member of Sam’s Club’s merchandising executive leadership team, launching several new brands and creating a Private Brands Center of Excellence. He spent 14 years with Kraft Foods, holding several positions of senior leadership in the U.S. and Asia, building global iconic brands. Markey began his professional career in engineering with Goodyear.
Markey is an excellent communicator and storyteller with broad and comprehensive general management, P&L, marketing, and strategy experience, allowing him to bring a diverse and accretive perspective to many businesses. He is a lifelong supporter of education and has a passion for the advancement of STEM as a supporter of Purdue’s Algebra by 7th Grade (Ab7G) math initiative and Purdue’s Minority Engineering Program. Markey currently serves as a member of the Kelley School’s Dean’s Council and the Executive Leadership Council. Markey holds a Bachelor of Science degree in Industrial Engineering from Purdue University and a Master of Business Administration degree from the Kelley School.
2022 Distinguished Entrepreneur Award
Bambang Panutomo was born in Indonesia in 1960 and graduated from IU in 1984 with a Bachelor of Science in finance.
Panutomo began his career with Chase Manhattan Bank Investment Banking in Jakarta, Indonesia, in 1984. He left Chase in 1990 as a vice president in investment banking to join the board of directors of Bank Bira, an Indonesian bank, which was acquired for approximately $10 million at the time Panutomo joined the board. He became the CEO of Bank Bira and built it from a small regional lender to the leading investment bank in Indonesia. Panutomo brought GE Capital to the bank as a minority investor at a $650 million valuation in 1996.
After Bank Bira, in 1999, Panutomo founded a group of financial services companies under Malacca Trust Pte. Ltd., a Singapore holding company, which has several Indonesian operating companies. These include Batavia Prosperindo Aset Manajemen with assets under management of 50 trillion IDR: a top-three asset manager in Indonesia, and the largest non-government asset manager in the country; Batavia Prosperindo Finance with 75 branches across Indonesia having total assets of 1.6 trillion IDR; Malacca Trust Insurance with 22 branches across Indonesia; and BP Trans, a logistics company with a fleet of 3,600 vehicles.
In 2014, DEG/KFW, Germany’s sovereign development bank, became Panutomo’s equity partner by acquiring a minority equity stake in the holding company, Malacca Trust.
Panutomo also founded Megatama Putra Sejahtera, an industrial estate township of approximately 500 ha in Indonesia, and continues to develop the industrial estate. Within this past year, during COVID, Panutomo founded a high-tech sustainable indoor farming company, which will go into production in 2022.
Panutomo founded and operates all of the above businesses based on the United Nations Principles for Responsible Investment, with world class environmental and social governance standards, a primary reason DEG/KFW became his equity partner.
He and his team founded BP Peduli foundation in 2014, and built Sekolah Misi Bagi Bangsa, a school for underprivileged students in Indonesia which currently has 600 students. The foundation provides scholarships and subsidies for families that cannot afford to send their children to school.
2022 Volunteer Leadership Award
Shelley Raper returned to the financial services sector in June 2021, as a relationship banker at PNC Bank in Carmel, Indiana.
Prior to joining PNC Bank, Raper managed a portfolio of individual and corporate donors as the director of development at Women’s Fund of Central Indiana (2017 to 2021). As the director of business development at Markey’s Rental & Staging (2008 to 2017), her responsibilities included new business development, growing existing business, new market research, and formalizing partnerships.
Previously, Raper spent 13 years in the sports industry specializing in marketing, sponsorships, premium suite sales, event operations, and volunteer management. She served as the senior vice president of business development (2006 to 2008) and director of the Youthlinks Indiana Charity Golf Tournament (2004to 2006) at Indiana Sports Corporation. She has held sales positions at two professional sports teams: Indianapolis Colts (1998 to 2003) and the Indianapolis Ice (1994 to1998). Prior to sports, Shelley held numerous positions at Union Federal Bank (1986 to 1994).
Raper received a Bachelor of Science degree in management and organizations from the Kelley School of Business in 1985.
Her community affiliations have included Kelley School of Business Alumni Association Board of Directors (2016 to 2022), Indiana University Alumni Association Executive Council (2016 to 2022), and IUAA Finance Committee member (2019 to 2022). She currently serves as the president of We R Richmond Scholarships, Inc., which awards scholarships to Richmond High School seniors.
Morgan Stanley provided support for the program as table sponsor.