There’s a new co-boss in town at Paycom!
Yesterday afternoon, the Oklahoma City HR software giant announced they have promoted Chris Thomas – the company’s former COO – to the title of Co-CEO.
With Paycom being a big employer and an important cog in the Oklahoma City economy, the news is a pretty big deal in the local business community. So, naturally, the story hasn’t been picked up by any local media outlet.
Here are details via a Paycom press release:
Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, its board of directors and CEO, Chad Richison, announced the promotion of Chris Thomas, former Chief Operating Officer, to the role of Co-CEO, effective today. Thomas will serve as Co-CEO with Paycom’s founder, President and Chairman, Richison, whose innovative leadership propelled the organization into the S&P 500 within less than six years of becoming a publicly traded company…
Listen. I’m not going to be arrogant and say that our big report from a few weeks back where we revealed that even former Paycom Sole–CEO Chad Richison thinks the company’s software stinks triggered this leadership shake-up.