Two Jack Henry & Associates Inc. (Nasdaq: JKHY) executives who collectively have nearly four decades of experience at the company announced their retirements.
Chief Financial Officer and Treasurer Kevin Williams and Chief Technology Officer Ted Bilke intend to retire in June 2022, according to a news release.
"On behalf of the entire board and management team, I want to thank Kevin and Ted for their dedication and valuable contributions during their careers at Jack Henry," said David Foss, president, CEO and board chair, in the release. "They have both played critical roles in the company's growth and success in recent years, and we wish each of them well as they move into these next phases of their lives."
The Monett-based financial software firm plans to hire an executive search company to find Williams' successor. Bilke is slated to be succeeded in January by Ben Metz, Jack Henry's head of digital, who will be promoted to chief digital and technology officer.
Williams and Bilke both expect to stay on board to help with the transitions, according to the release.
A 23-year employee at Jack Henry, Williams became CFO and treasurer in 2001, according to the release. Bilke has been a Jack Henry employee since 2005 and was named CTO in 2019.
Jack Henry is slated to release its fiscal first-quarter earnings report on Nov. 9, according to a separate release.
JKHY shares were trading at $154.50 as of 9:29 a.m., compared with a 52-week range of $141.65 to $179.98 per share.
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