David Foss Set to Retire as Chair of Jack Henry & Associates Board; Succession Plan in Place

David Foss Set to Retire from Board Chair Position at Jack Henry & Associates

In a significant leadership transition, Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced that David Foss, the current Board Chair, will retire effective July 15, 2026. This announcement marks a pivotal moment for the company as it ushers in a new era under the guidance of Matt Flanigan, who will take over as Board Chair following Foss's departure.

Foss, who joined Jack Henry in 1999, has had a storied career with the company. He served as President from 2014 to 2022 and as Chief Executive Officer from 2016 until 2024. His impact on the organization has been profound and lasting; during his tenure, he was instrumental in defining the company's long-term strategy, enhancing technology capabilities, and establishing Jack Henry as a leader in providing services to banks and credit unions across the United States. In 2017, Foss joined the Board, later becoming the Chair in 2021.

Reflecting on his time at Jack Henry, Foss expressed gratitude for the opportunities he had to contribute to the company’s growth and development. "It has been a privilege to serve this company and our clients over the years," he shared. He noted with pride the cultural and technological advancements made under his leadership and expressed confidence in Flanigan's ability to lead the Board into the future.

Matt Flanigan is no stranger to Jack Henry’s Board, having joined in 2007. He has played a significant role since then, serving as Lead Director from 2012 until now. Before joining Jack Henry, Flanigan enjoyed a successful career as Executive Vice President and Chief Financial Officer at Leggett & Platt, Inc., and had over a decade of experience in the banking industry in Dallas, Texas.

In a statement regarding his new role as Chair, Flanigan emphasized the importance of building on the strong foundation laid by Foss. "The Board remains focused on supporting the company's long-term strategy and disciplined growth," he affirmed, assuring stakeholders of the company's commitment to delivering high-value outcomes moving forward.

Greg Adelson, the President and CEO of Jack Henry, recognized Foss’s exemplary leadership during his tenure, referring to him as an exceptional leader and mentor. Adelson underscored the strategic and innovative direction Foss provided for the business, fostering an organizational culture grounded in values that define Jack Henry’s identity.

Adelson also noted the preparedness of the company for this leadership transition, attributing it to a well-planned succession strategy. He expressed confidence in Flanigan's extensive leadership background, financial acumen, and banking experience, stating, "We have been prepared to have Matt step into this role as part of our succession plan."

Jack Henry & Associates has been a prominent player in the financial technology sector for five decades, facilitating connections between financial institutions and their clients. With a commitment to fostering openness, collaboration, and user-centricity, Jack Henry continues to create a vibrant ecosystem that integrates modern capabilities with leading fintech solutions. Today, the company supports around 7,400 clients, providing innovative technology solutions that empower institutions to meet the evolving needs of their customers.

As Jack Henry prepares for this important transition, stakeholders can expect continued dedication to fostering financial health and innovation under Flanigan’s forthcoming leadership. This commitment, combined with the robust foundation built by Foss, promises a bright future for Jack Henry & Associates.

For more information, visit Jack Henry’s official website.