MONETT, Mo. - Jack Henry & Associates, Inc. (NASDAQ: NASDAQ:JKHY), a financial technology company, announced a forthcoming change in its executive leadership. Shanon McLachlan, currently serving as the President of Jack Henry Credit Union Solutions, is set to become the Chief Operating Officer (COO) on July 1, 2024.
McLachlan will also assume the role of Senior Vice President and executive officer of the company. This move coincides with the promotion of Greg Adelson, the present President and COO, to President and CEO on the same date.
McLachlan joined Jack Henry in 2015 and has held various leadership roles, including Senior Managing Director of ProfitStars before his current position. His tenure as President of Symitar, now known as Credit Union Solutions, began in 2019.
McLachlan's background includes significant technology and operational experience in the banking and credit union industries, making him a strategic choice for the COO position. He has been recognized for his contributions to the company's success and is expected to continue driving strategic objectives and advancing technology modernization.
During his leadership of the Credit Union Solutions team, McLachlan has been noted for improving operations and service by focusing on the One Jack Henry program, which aims to simplify and enhance the associate and client experience.
His career also includes roles as Chief Technology Officer and SVP of Operations at a core systems company, where he was involved in customer support, implementations, and mergers and acquisitions.
McLachlan expressed his enthusiasm for the new role, emphasizing his commitment to innovation, execution, and client-centered operations. He acknowledged the foundation laid by Adelson and the team, which he plans to build upon in his upcoming tenure as COO.
Jack Henry & Associates has been providing technology solutions for financial institutions for over 47 years. The company serves approximately 7,500 clients, offering a mix of internally developed capabilities and integrations with leading fintechs. The firm is part of the S&P 500 and emphasizes openness, collaboration, and user-centricity in its services.
This leadership transition is based on a press release statement from Jack Henry & Associates, Inc. The information reflects the company's current plans and may be subject to change based on various risk factors and uncertainties, as outlined in their SEC filings.
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