McLachlan has served as President of Jack
Henry Credit Union Solutions since 2019
MONETT,
Mo., March 11, 2024 /PRNewswire/ -- Jack
Henry & Associates Inc.® (Nasdaq: JKHY) announced
today that Shanon McLachlan,
President of Jack Henry Credit Union Solutions, will become Chief
Operating Officer (COO) effective July 1,
2024. As previously announced, Jack
Henry President and COO Greg
Adelson is being elevated to President and CEO on
July 1, 2024. McLachlan, who also
will become a Senior Vice President and executive officer of the
company, will continue to report to Adelson.
In his new role, McLachlan will be responsible for all business
lines, operations, and infrastructure. McLachlan joined
Jack Henry in 2015 and served as
Senior Managing Director of ProfitStars® before becoming
President of Symitar® (now Credit Union Solutions) in
2019.
"Shanon is a strategic, visionary leader who has done an
outstanding job leading key businesses and significantly
contributing to our company's overall success," Adelson said. "His
significant technology and operational experience in both the
banking and the credit union industry positions him extremely well
for this new opportunity. His expertise and skills will help ensure
a seamless transition as we continue to execute our strategic
objectives, advance our technology modernization strategy, and
further adopt One Jack Henry to
optimize our business operations to deliver value for our
associates, clients, and shareholders."
Under McLachlan's leadership, the Credit Union Solutions team
has improved operations and service, at both the business and
enterprise level, through an unwavering focus on the company's
One Jack Henry program to simplify
and enhance the associate and client experience. Prior to joining
Jack Henry, McLachlan worked at a
core systems company where he supported both banks and credit
unions and was engaged in all aspects of implementations and
customer support. In addition, he held Chief Technology Officer and
SVP of Operations roles where he was an integral part of the
Executive Leadership team and heavily involved in mergers and
acquisitions.
"I'm excited and humbled for the opportunity to step into the
COO role and continue building on the great momentum that we've
experienced under Greg's leadership," McLachlan said. "We will
remain focused on innovation and execution and keeping our clients
at the center of everything that we do. Greg has built an
outstanding team of talented, driven, and dedicated professionals
in the COO organization, and I am honored to collaborate with them
as we continue to move our company forward."
About Jack Henry &
Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology
company that strengthens connections between financial institutions
and the people and businesses they serve. We are an S&P 500
company that prioritizes openness, collaboration, and user
centricity – offering banks and credit unions a vibrant ecosystem
of internally developed modern capabilities as well as the ability
to integrate with leading fintechs. For more than 47 years,
Jack Henry has provided technology
solutions to enable clients to innovate faster, strategically
differentiate, and successfully compete while serving the evolving
needs of their accountholders. We empower approximately 7,500
clients with people-inspired innovation, personal service, and
insight-driven solutions that help reduce the barriers to financial
health. Additional information is available at
www.jackhenry.com.
Statements made in this news release that are not historical
facts are "forward-looking statements." Because forward-looking
statements relate to the future, they are subject to inherent risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements. Such
risks and uncertainties include, but are not limited to, those
discussed in the Company's Securities and Exchange Commission
filings, including the Company's most recent reports on Form 10-K
and Form 10-Q, particularly under the heading "Risk Factors." Any
forward-looking statement made in this news release speaks only as
of the date of the news release, and the Company expressly
disclaims any obligation to publicly update or revise any
forward-looking statement, whether because of new information,
future events or otherwise.
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SOURCE Jack Henry &
Associates, Inc.