Jack Henry & Associates Inc. (Nasdaq: JKHY) Chief Operating Officer Greg Adelson has moved up in the company hierarchy.
Adelson was named president in addition to his COO role, effective immediately, according to a news release issued this morning. David Foss, who previously held the president role, remains CEO and board chair.
"Greg has done an outstanding job managing the business operations for Jack Henry and has been a key driver of our growth and success for more than 10 years," Foss said in the release. "Greg is a strong, proven leader who has strengthened our operating model and positioned us well for the future."
Adelson joined Jack Henry in 2011 as group president of the company's iPay division and was promoted to general manager of JHA Payment Solutions in 2014. He became COO around two years ago.
"I look forward to continuing to drive our key business priorities that will help capitalize on significant growth opportunities for our company and the clients we serve," he said in the release.
Monett-based Jack Henry makes financial software for banks and credit unions. It has roughly 8,500 clients nationwide.
JKHY shares were trading at $159.19 as of 9:45 a.m., compared with a 52-week range of $141.65 to $179.98 per share.
The expanded facility is expected to reach annual revenue of $650M.