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Paycom Promotes Bob Foster to CFO, Succeeding Craig Boelte
Slice of Finance Team
17 Feb
Key Highlights:
Bob Foster promoted to CFO, effective Feb. 21, 2025.
Succeeds Craig Boelte, retiring after nearly 20 years at Paycom.
Foster has led Paycom’s growth strategy since joining in 2022.
Brings executive leadership from prior CEO and senior partner roles.
Focus on long-term financial planning and investor relations.
Source: Business Wire
Notable Quotes:
“I am pleased with what Bob has accomplished in his time at Paycom, including advancing our growth strategy. His expertise in accounting, payroll, and process automation helps us continue to deliver for our clients and stockholders.”
“I have seen the financial stewardship at Paycom and am grateful for the opportunity to continue to set the financial management standard Paycom has been known for over the years. I am proud of the work we have done to propel the HCM industry forward and the strong ROI we have provided for our clients. I am eager to see our success continue.”
“Being part of the growth over the past two decades has been the highlight of my career. I am incredibly grateful for the hard work and dedication of our employees and leadership team, who were instrumental in helping us achieve strong financial results during my tenure.”
Why This Matters:
Bob Foster’s promotion to CFO marks a strategic leadership transition for Paycom as it continues its strong growth trajectory. With extensive experience in payroll, finance, and process automation, Foster is well-positioned to drive Paycom’s financial strategy forward. His appointment ensures continuity in the company’s commitment to innovation and strong financial performance. Craig Boelte’s legacy as CFO includes guiding Paycom from a private company to an S&P 500 powerhouse, setting a foundation for future success.