Technology solution provider Jack Henry & Associates, on Monday, said it plans to elevate the executive transition in which Greg Adelson, Chief Operating Officer of the company to take over as Executive Chief, effective July 1, 2024.
Adelson has been with Jack Henry & Associated for over a decade holding roles such as Group President and recently Operating Chief, where he was responsible for the strategic direction and general leadership of about 6200 associates across all operational business units, enterprise technology, infrastructure, and facilities.
David Foss, the current CEO will retire from his role on June 30 and become Executive Board Chair of Jack Henry & Associates. Floss has been with the tech firm for over two decades holding various leadership roles and has been the chief executive of the company for almost eight years.
Foss stated, “Greg is a strong, proven leader who has been an essential part of Jack Henry’s growth and success for the past 13 years and has a deep understanding of all aspects of our business.”
The Monett, Missouri-based company said during David’s service as CEO, Jack Henry’s revenue and net income each had grown by about 50% since 2016 to $2.08 billion and $367 million respectively. Also, he has led many key initiatives at Jack Henry such as creation of PayCenter payments hub and the acquisition of Ensenta Corporation, software company.
To read more on Leadership, head to the link.
