Paycom Software, Inc. (NYSE: PAYC) has announced the appointment of Archana Vemulapalli to its board of directors, effective July 30, 2024. Vemulapalli brings more than 23 years of technology leadership experience, having held management roles at companies such as Advanced Micro Devices (AMD), Amazon Web Services (AWS), and IBM.
Paycom's founder, CEO, President, and Chairman of the Board, Chad Richison, expressed excitement about Vemulapalli's appointment, stating that her unique skill set will help the company leverage up-market opportunities and continue driving solution automation and ROI achievement for its clients.
Vemulapalli holds a master's degree in leadership from Georgetown University and a master's degree in telecommunications from the University of Pennsylvania. She earned her undergraduate degree in engineering from the University of Madras and expressed her enthusiasm about joining Paycom, citing the company's innovation and its push to provide clients with tools that bring automation and value to their bottom line.
As Paycom celebrates 25 years, the company has been recognized for simplifying businesses and employees' lives through easy-to-use HR and payroll technology. Paycom's industry-first solution, Beti®, allows employees to do their own payroll and guides them to find and fix costly errors before payroll submission.
Paycom's software covers various aspects of HR, from onboarding and benefits enrollment to talent management, all within a single app. The company's technology has been recognized nationally, allowing it to serve businesses of all sizes in the U.S. and internationally.
Investor Relations contact: James Samford, [email protected] The market has reacted to these announcements by moving the company's shares -3.9% to a price of $154.35. Check out the company's full 8-K submission here.
