John Ritenour Elected to Basketball Hall of Fame Board of Trustees
SPRINGFIELD — The Naismith Memorial Basketball Hall of Fame announced that John Ritenour, chairman of Insurance Office of America (IOA), has been unanimously elected to the Hall’s board of trustees. He will serve as one of 33 members, beginning a three-year term immediately.
“It is an honor to be named to the board of trustees and to represent the Naismith Memorial Basketball Hall of Fame,” Ritenour said. “I look forward to working with the highly talented and prestigious group that guides the Hall, including many legends of the sport and the outstanding roster of civic and business leaders, such as Chairman Jerry Colangelo and President and CEO John Doleva and his accomplished staff.”
Ritenour and his wife, Valli, founded Insurance Office of America in Florida in 1988 with a vision to have an organization that gave ownership to its sales associates. The company now boasts more than 225 sales partners and more than 600 employees who claim ownership. IOA has grown from $188,000 in revenue the first year to more than $120 million today.
“The Basketball Hall of Fame has had a tremendous relationship with IOA for a number of years,” said Doleva. “As a well-respected businessman, philanthropist, and fan of the game, John Ritenour will be an excellent addition to our board of trustees.”
The trustees are responsible for preserving the fundamental mission and financial well-being of the Basketball Hall of Fame. They serve as ambassadors for the Hall, promoting its core mission, which is to celebrate the greatest moments and people in basketball. Made up of individuals that work in or have worked in the game, as well as business leaders that have supported the game, the board also elects all governors of the Hall.