#United States #Littleton #Payroll Vault #Tricia Petteys #Sean Manning

Payroll Vault Welcomes Tricia Petteys as CEO

Payroll Vault, renowned for its payroll and workforce management services targeting small and medium-sized businesses, has recently announced an important leadership transition. Effective December 12, 2024, Tricia Petteys has been appointed as the new Chief Executive Officer, succeeding the company’s co-founder Sean Manning, who will now serve as the Executive Chairman of the Board.

Having been with Payroll Vault for over 16 years, Petteys has played an integral role in the company's journey since its inception. She co-founded Payroll Vault Franchising LLC with Manning in 2012 and has held various influential positions, including Vice President of Operations and Chief Operating Officer. Her extensive experience positions her well to lead the company as it navigates new growth opportunities and continues to revolutionize payroll services.

Sean Manning's transition to the Executive Chairman role is a strategic move designed to ensure a seamless handover of responsibilities. Although he will no longer be involved in day-to-day operations, Manning will remain actively engaged in shaping the long-term vision of the company. He is poised to support Petteys in steering Payroll Vault towards its ambitious goals for the future.

A Vision for Growth

One of Petteys's immediate objectives as CEO is to accelerate the company’s growth trajectory. Notably, Payroll Vault experienced record-breaking success in 2024, with 14 new franchise owners becoming operational and a 20% increase in client acquisition among its franchisees. Recognizing this momentum, Petteys aims to amplify revenue from payroll and workforce management by nurturing the expanding franchise network.

“After investing significantly in technology and systems, our goal is to focus on scaling operations and driving business to our franchisees. It's crucial that we provide them with the necessary tools and support for success,” Petteys stated, underscoring her commitment to empowering franchise owners.

A recent highlight of Payroll Vault's achievements includes the successful implementation of the isolved Network payroll software platform. This major project required considerable collaboration among franchisees and staff but ultimately strengthened the organization, showcasing its resilience.

“I am incredibly proud of our organizational culture, which emphasizes Community, Collaboration, Integrity, and Service. These core values guide our everyday decisions and actions,” she added.

Reflecting on Leadership Change

Manning commended Petteys by emphasizing her dynamic role in Payroll Vault's growth and integration of new systems. He acknowledges her capability to further connect with industry leaders and referral partners, enhancing Payroll Vault’s standing as a leader in providing payroll services to small and medium-sized enterprises.

“Tricia has been central to our expansion efforts, and I am confident that under her leadership, Payroll Vault will continue to thrive. I look forward to supporting her and the executive team in my new capacity,” Manning affirmed.

About Payroll Vault Franchising

Payroll Vault serves a critical segment of the market, assisting small businesses with managing payroll and compliance, freeing them to concentrate on core operations. The company’s franchise opportunity is appealing due to the robust support and training provided to new franchisees, showcasing Payroll Vault’s commitment to their success in an increasingly competitive industry.

Founded in 2012, Payroll Vault Franchising has rapidly emerged as a frontrunner in the sector, thanks to its exceptional franchisee relationships and recognition within the industry as a trusted partner for payroll solutions. To learn more about opportunities with Payroll Vault, prospective franchisees can visit PayrollVault.com/franchise.

With Tricia Petteys at the helm, Payroll Vault is set to embark on a new chapter marked by innovation, growth, and unwavering support for its franchisees. The future looks bright for this leading payroll services provider.