- After eight years in the position
- Accolades, praise and thanks for Foss
- Greg Adelson taking over
- Foss will remain as Executive Board Chair at Jack Henry
- Foss spoke at length and said 169 words
(exechange) — Monett, Missouri, January 22, 2024 — Dave Foss, chief executive of Jack Henry, leaves his position. As announced by Jack Henry & Associates Inc. in a news release and in a regulatory filing published on Monday, January 22, 2024, David B. (Dave) Foss leaves his post as chief executive officer at the financial technology company, after eight years in the role, effective June 30, 2024.
Dave Foss’s duties as CEO will be taken over by Gregory R. (Greg) Adelson, currently President and Chief Operating Officer at Jack Henry & Associates Inc.
“This transition plan has been carefully considered for some time”
The planned management change is explained as follows. Foss stated: “This transition plan has been carefully considered for some time, and we are fortunate to have someone like Greg ready to step into the CEO role.”
Foss will remain as Executive Board Chair at Jack Henry
Jack Henry stated: “Board Chair and CEO David Foss will retire from his current role on June 30, 2024, and become Executive Board Chair.”
Share price increase since January 2019
The announcement follows an increase in Jack Henry & Associates Inc.’s share price of 34% since January 2019.
In the position of CEO since 2016
Dave Foss became CEO of the Company in 2016.
Foss was named Board Chair on July 1, 2021 and has served as Chief Executive Officer of the Company since July 1, 2016.
He also served as President of the Company from 2014 until January 2022.
Foss’s prior positions with the Company include: President of the Company’s ProfitStars Division from 2009 to 2014; General Manager of ProfitStars from 2006 to 2009; General Manager of the Company’s Acquisition and Business Integration unit from 2004 to 2006, during which time the Company completed 10 acquisitions; General Manager of the Complementary Solutions Group from 2000 to 2004; and President of the Open Systems Group from 1999 to 2004.
He is also currently serving as a director of CNO Financial Group, Inc. (NYSE: CNO).
Before joining the Company in 1999, Foss held a variety of positions in the financial services industry including senior operations management, sales management, and supervisory roles at BancTec, Advanced Computer Systems, and NCR.
169 words by Dave Foss
In the release announcing his departure as CEO of Jack Henry & Associates Inc., Dave Foss received accolades, praise and thanks.
In announcing his departure, Dave Foss spoke at length and said 169 words.
“Greg is a strong, proven leader”
Dave 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. This transition plan has been carefully considered for some time, and we are fortunate to have someone like Greg ready to step into the CEO role… It has been my immense pleasure to serve as CEO of this wonderful company for so many years. When I came into this role, I had a number of large projects I wanted to address – our much-needed card platform migration, our branding strategy, our future technology strategy, and the planned retirements of almost our entire senior leadership team – all of which have now been completed or are well on their way. I’m confident that Greg and the team we have in place today can take this company to the next level, and I’m looking forward to continuing to work with them in my new role as Executive Board Chair.”
Push-out Score for Dave Foss’s move determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dave Foss’s move on a scale of 0 to 10.
Read the full story in the exechange report 5.2024 ($).