Chris Thomas Promoted to Paycom Co-CEO with Chad Richison
February 07 2024 - 4:05PM
Business Wire
Chad Richison’s title becomes Co-CEO, President
and Chairman
Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider
of comprehensive, cloud-based human capital management software,
its board of directors and CEO, Chad Richison, announced the
promotion of Chris Thomas, former Chief Operating Officer, to the
role of Co-CEO, effective today. Thomas will serve as Co-CEO with
Paycom’s founder, President and Chairman, Richison, whose
innovative leadership propelled the organization into the S&P
500 within less than six years of becoming a publicly traded
company.
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Chris Thomas Promoted to Paycom Co-CEO
(Photo: Business Wire)
Thomas has served as Paycom’s COO since September 2023,
following his time as Senior Executive Vice President of
Operations. Thomas joined Paycom in 2018, and has served in a
variety of leadership roles where he has led over 10 departments
across Paycom, including client service, learning, banking, human
capital management, new client implementation and tax, to name a
few. Prior to Paycom, Thomas held numerous senior leadership
positions at Love’s, one of the 10 largest privately held companies
in the U.S. with $26.5 billion in revenue in 2023, according to
Forbes.
“Chris is a leader who has been instrumental in helping build
Paycom into the world-class HR and payroll software company it is
today. We have so much opportunity ahead of us, and I have extreme
confidence in Chris as a leader I can share responsibilities with
going forward,” said Richison. “This announcement is a natural
progression for the company, and further illustrates the trust I
have in our leadership team. I’m committed to Paycom and am excited
to see the value this creates.”
Richison founded Paycom in 1998, and since then, Paycom has
changed the way businesses and their employees operate. This
evolution is a direct result of innovative, industry-first
solutions like online payroll, Employee Self-Service®, Direct Data
Exchange®, Manager on-the-Go®, Beti® and, most recently, GONE™.
“I’m honored to be in a position to help lead an organization
that has truly revolutionized the HR and payroll software
industry,” said Thomas. “Just as Paycom has done historically, we
will remain focused on relentlessly pursuing the best customer
service and innovation in the industry, because our goal is to
deliver the greatest possible ROI to our clients. We are excited
about this progression of our organization and the value it will
bring to our clients, employees and investors.”
In their Co-CEO roles, Richison’s key focus will be product
innovation and strategy, and Thomas will continue to focus on
operating other aspects of the business.
About Paycom
For 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified
businesses and the lives of their employees through easy-to-use HR
and payroll technology to empower transparency through direct
access to their data. And thanks to its industry-first solution,
Beti®, employees now do their own payroll and are guided to find
and fix costly errors before payroll submission. From onboarding
and benefits enrollment to talent management and more, Paycom’s
software streamlines processes, drives efficiencies and gives
employees power over their own HR information, all in a single app.
Recognized nationally for its technology and workplace culture,
Paycom can now serve businesses of all sizes in the U.S. and
internationally.
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version on businesswire.com: https://www.businesswire.com/news/home/20240207740957/en/
Jason Bodin 1-800-580-4505 media@paycom.com
Paycom Software (NYSE:PAYC)
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