- Push-out Score determined
- After about four years in the position
- Accolades and praise for Jabbour
- Joe Nackashi taking over
- Jabbour will remain as Executive Chairman at Black Knight
- Jabbour said 91 words
(exechange) — Jacksonville, Florida, February 15, 2022 — Anthony Jabbour, chief executive of Black Knight, leaves his position. As announced by Black Knight Inc. in a news release and in a regulatory filing published on Tuesday, February 15, 2022, Anthony M. Jabbour leaves his post as chief executive officer at the provider of technology, services, data and analytics to the mortgage and real estate industries, after about four years in the role, effective May 16, 2022.
Anthony Jabbour’s duties as CEO will be taken over by Joseph M. (Joe) Nackashi, currently President at Black Knight Inc.
No reason given
In the announcement, Black Knight did not explicitly explain the reason for the move.
Jabbour will remain as Executive Chairman at Black Knight
“Anthony Jabbour, the company’s Chairman and Chief Executive Officer, will assume the role of Executive Chairman of the Board,” Black Knight said.
Black Knight said: “On February 14, 2022, the Board of Directors of Black Knight, Inc. (the “Company” or “Black Knight”) adopted resolutions to effect the below executive transitions, which will be effective as of May 16, 2022.
Anthony M. Jabbour, our current Chairman and Chief Executive Officer, has been appointed to serve as Executive Chairman of the Board.
Joseph M. Nackashi, our current President, has been appointed to serve as Chief Executive Officer.
Kirk T. Larsen, our current Executive Vice President and Chief Financial Officer, has been appointed to serve as President and Chief Financial Officer.”
Share price increase since April 2018
The announcement follows an increase in Black Knight Inc.’s share price of 40% since April 2018. April 2018 is the month in which Jabbour’s tenure as CEO began.
In the position of CEO since 2018
Anthony Jabbour became CEO of the Company in 2018.
Anthony M. Jabbour has served as the Company’s Chief Executive Officer since April 2018 and has served as a director since May 2018.
Jabbour has also served as the Chief Executive Officer and a director of DNB and its predecessors since February 2019.
Prior to joining Black Knight, Jabbour served as Corporate Executive Vice President and Co-Chief Operating Officer of FIS from December 2015 through December 2017.
Jabbour also serves on the board of Paysafe Limited.
Jabbour served as Corporate Executive Vice President of the Integrated Financial Solutions segment of FIS from February 2015 until December 2015.
He served as Executive Vice President of the North America Financial Institutions division of FIS from February 2011 to February 2015.
Prior to that, Jabbour held positions of increasing responsibility in operations and delivery from the time he joined FIS in 2004.
Prior to joining FIS, Jabbour worked for Canadian Imperial Bank of Commerce and for IBM’s Global Services group managing complex client projects and relationships.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Anthony Jabbour’s move on a scale of 0 to 10.
exechange reached out to Black Knight and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 8.2022 ($).