He succeeds Odilon Almeida, who is departing from his role as CEO of ACI. To help provide for an orderly transition, the Board intends to enter into a transition services agreement with Almeida through November 30, 2022.

Adalio Sanchez, an independent member of the ACI Board since 2015, was selected as non-executive Chair of the Board. The Board will conduct a comprehensive search to identify a permanent CEO with the assistance of a leading, independent executive search firm.

“As ACI advances its vision to lead the real-time payments revolution, the Board determined that now is the right time to transition to a new leader focused on accelerating our technology transformation and delivering operational excellence across our business,” said Mary Harman, Nominating & Corporate Governance Committee Chair. “The Board is confident that the Company is well-positioned to build on the momentum underway as we work to provide the next generation of real-time payments solutions for our clients.”

She continued, “On behalf of the entire Board, I would like to thank Odilon for his leadership and contributions to ACI. We wish him all the best in the future. We are fortunate to have Tom Warsop bring his considerable leadership experience and expertise in financial services technology to the Interim CEO role, and we are confident in his ability to lead the Company during this transition period.”

Warsop said, “ACI is uniquely positioned to support banks, merchants and billers around the world. We have market-leading software platforms in use at many of the world’s leading financial institutions and are poised not just to benefit from, but to drive, the rapidly approaching real-time payments revolution. This exciting opportunity will require bold leadership, and now is the time to build an even stronger foundation for ACI’s next chapter of growth. I’m thrilled to be able to support this great organization as we chart our path forward.”