Jack Henry & Associates Announces Leadership Transition: David Foss to Retire as Board Chair

On June 4, 2026, Jack Henry & Associates, Inc. (Nasdaq: JKHY) made headlines with the announcement of the retirement of Board Chair David Foss, effective July 15, 2026. This transition marks a significant moment in the company’s leadership as Matt Flanigan, the current Vice Chair and Lead Independent Director, is set to take over the role of Board Chair.

David Foss has been a cornerstone of Jack Henry since he joined the company in 1999. His journey through the ranks includes serving as President from 2014 to 2022 and as Chief Executive Officer from 2016 until 2024. Foss’s tenure has been marked by strategic growth and innovation, establishing Jack Henry as a leading provider of technology solutions for banks and credit unions.

Foss expressed his gratitude for the years of service, stating, "It has been a privilege to serve this company and our clients over the years. I'm incredibly proud of what we've accomplished together." He emphasized the importance of the culture and technological advancements achieved during his time and expressed confidence in his successor, Matt Flanigan.

Matt Flanigan, who has been with the Jack Henry Board since 2007 and has served as Lead Director since 2012, is poised to take the reins. Flanigan brings a wealth of experience, having retired in 2019 as Executive Vice President, Chief Financial Officer, and Board Member of Leggett & Platt, Inc. His extensive banking background and long-standing association with Jack Henry position him well to lead the Board into its next phase.

In his statement, Flanigan reiterated the commitment to building upon the strong foundation left by Foss, stating, "The Board remains focused on supporting the company's long-term strategy and disciplined growth." He underscored the importance of collaboration with the management team to deliver exceptional value to stakeholders.

Greg Adelson, President and CEO of Jack Henry, took the opportunity to reflect on Foss’s impact on the organization. He noted, "Dave's leadership has had a lasting impact on Jack Henry and on me personally." Adelson highlighted the strategic vision and innovation that Foss instilled in the company, alongside the core values that define its culture. He expressed gratitude for Foss's mentorship and contributions, reinforcing the preparedness of the organization for this leadership transition.

As Jack Henry prepares for this leadership change, it remains committed to its mission of enhancing the connections between financial institutions and their clients. With a strong focus on technology modernization and innovation, the company aims to continue empowering its approximately 7,400 clients with solutions that foster financial health and competitive advantage.

Jack Henry & Associates stands as a testament to the evolving landscape of financial technology, ensuring that it adapts to meet the needs of its clients in an increasingly digital world. As Matt Flanigan steps into the role of Board Chair, the company looks forward to building on its legacy of excellence and innovation.