Symitar(TM) President, Kathy Hooker Burress, Announces Planned Retirement
- Ted Bilke, General Manager of Episys(R) Operations and Development, Named as Successor -
MONETT, Mo., July 2 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that Kathy Hooker Burress, the president of its Symitar division, will retire effective December 31, 2010. Using a phased retirement approach, Hooker Burress will begin transitioning responsibilities to Ted Bilke, Symitar's current general manager of Episys Operations and Development. Bilke will take over as Symitar's new president effective October 1, 2010 with Hooker Burress serving in an advisory capacity through the end of the calendar year.
According to Hooker Burress, "When I joined the Symitar team in 2000, my goal was to become an agent of positive change and I believe we've done that. Symitar is the undisputed leader in this industry. However, I've also had a long-term goal of retiring while my husband and I still have plenty of time to enjoy our families and explore life. Succession planning is very important at Jack Henry & Associates so I know I'm leaving the company in good hands considering Ted has been instrumental in implementing numerous process changes at Symitar – changes that have ultimately led to an unprecedented level of customer satisfaction. As excited as I am about retiring, I could only do it knowing Symitar is at the top of its game and that we have an incredible team empowered to do whatever it takes to provide outstanding service to our clients."
Jack Prim, CEO of Jack Henry & Associates, said, "As much as we'll miss Kathy's leadership and industry savvy, we're confident in Ted's ability to take Symitar to the next level. We truly appreciate the 10 years of outstanding service Kathy has given our company and Symitar's clients, and wish her the very best in the future."
Hooker Burress' retirement brings to a close a career in credit union technology that has spanned more than 28 years.
About Symitar
Symitar, a division of Jack Henry & Associates, Inc. (Nasdaq: JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 700 credit unions as a single source for integrated, enterprise-wide automation; and as a single point of contact and support. Additional information is available at www.symitar.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking™ supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies operates as a leading electronic bill pay provider supporting more than 3,600 banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.
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