OKLAHOMA CITY - Paycom (NYSE:PAYC) Software, Inc. (NYSE:PAYC), a prominent provider of cloud-based human capital management software, announced the elevation of Chris Thomas to the position of Co-CEO, joining the company's founder, Chad Richison. Effective today, Thomas, who has been with Paycom since 2018 and most recently served as Chief Operating Officer since September 2023, will share leadership responsibilities with Richison, who also retains his roles as President and Chairman.
Thomas's promotion reflects his significant contributions to Paycom's operations, where he has overseen various departments including client service, learning, banking, and tax. His previous experience includes senior leadership roles at Love's, a major privately held company in the U.S.
Richison, who founded Paycom in 1998, expressed his confidence in Thomas's leadership and the value this move will create for the company's stakeholders. Under Richison's guidance, Paycom has introduced several industry-first solutions and has been admitted to the S&P 500 index in under six years as a public entity.
In their new Co-CEO structure, Richison will concentrate on product innovation and strategy, while Thomas will manage other operational facets of the business. This strategic realignment aims to sustain the company's commitment to customer service and innovation, with a focus on delivering strong return on investment for clients.
Paycom has been recognized for its technological advancements and workplace culture. The company continues to streamline HR and payroll processes, enhancing transparency and efficiency for businesses and their employees through a single application platform.
This leadership change is based on a press release statement and reflects Paycom's ongoing efforts to adapt and grow in the competitive human capital management software market.
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