Jack Henry & Associates, Inc. (NASDAQ:JKHY) has put into effect the organizational changes announced January 2016, including the executive transition of David Foss from president to now president and chief executive officer (CEO).
Foss has served as president of Jack Henry & Associates (JHA) since July 1, 2014. As he assumes the additional role of CEO, Jack Prim, the incumbent CEO and Chairman of the Board, will remain active with the organization in the new role of Executive Chairman.
Effective with the executive leadership transition, sales and marketing functions have been aligned under Steve Tomson, a newly appointed General Manager. Tomson reports directly to Foss and oversees the combined sales and marketing responsibilities across all three JHA brands: Jack Henry Banking®, Symitar®, and ProfitStars®. Tomson has had a very successful sales career at companies such as IBM, Peerless and, most recently, for ProfitStars. He is best known for bringing groups together and fostering collaboration and teamwork. During his tenure as ProfitStars’ Director of Sales, Tomson successfully integrated the sales groups from more than 15 acquired companies into one highly effective team at JHA.
Foss added, “I, like many others at JHA, have enjoyed working with Steve for years. His energy, perspective and focus are authentic and a proven asset to our organization. His reputation as a supportive leader will be a strategic advantage and will make marketing and sales even more effective, as he truly understands and values the role each plays in driving new business.”