Jack Henry & Associates Inc.® (Nasdaq: JKHY), a financial technology company, announced that Greg Adelson, currently serving as President and Chief Operating Officer, is set to become CEO and President effective July 1, 2024. David Foss, the current Board Chair and CEO, will retire on June 30, 2024, transitioning to the position of Executive Board Chair.
Adelson joined Jack Henry in 2011, and in 2014, he was promoted to General Manager of JHA Payment Solutions™, becoming COO in 2019 and attaining the position of President in 2022.
David Foss, reflecting on Adelson’s leadership, expressed confidence in the well-thought-out transition plan. Foss, who joined Jack Henry in 1999, has been a key figure in the company’s growth, overseeing more than 25 acquisitions during his 25-year tenure. Under Foss’s leadership as CEO, Jack Henry’s revenue and net income have each seen approximately a 50% increase since 2016, reaching $2.08 billion and $367 million, respectively, by the end of fiscal year 2023.
Foss, in his new role as Executive Board Chair, expressed satisfaction with the completion of significant projects and initiatives during his time as CEO. Adelson, credited with leading key initiatives such as the creation of the PayCenter™ payments hub and the acquisition of Ensenta Corporation, is poised to continue the company’s strategic journey. His focus includes innovation, execution, and the ongoing development of a cloud-native technology modernization strategy.
Adelson expressed honor and enthusiasm about assuming the role of CEO, acknowledging Foss’s leadership and guidance. He emphasized his commitment to continuing the company’s strategic journey, fostering innovation, and delivering value to employees, clients, and shareholders.
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