Jack Henry in Monett, Mo., will promote an insider to become its new CEO.
The company said in a press release that Greg Adelson will succeed David Foss on July 1. Foss, who is retiring, will remain executive chairman.
Adelson, who joined the company in 2011, is president and chief operating officer. He is responsible for all business lines, technology, infrastructure and sales.
“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,” Foss said in the release. “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 has been CEO since 2016.