Chad Richison is the Co-Chief Executive Officer, President, and Chairman of Paycom Software, Inc., a position he's held since founding the company in 1998. Under his leadership, Paycom has become a significant player in the software industry, particularly in the...

Chad Richison is the Co-Chief Executive Officer, President, and Chairman of Paycom Software, Inc., a position he's held since founding the company in 1998. Under his leadership, Paycom has become a significant player in the software industry, particularly in the field of payroll and human capital management. In early 2024, Richison transitioned from CEO to Co-CEO while sharing the role with Christopher G. Thomas, who has been with Paycom in various leadership roles since 2018. Chad’s impressive wealth is evident from a peak net worth of around $2.41 billion in January 2020, showcasing the company's tremendous growth. However, his holdings saw a decrease to approximately $1.45 billion by May 2024, reflecting market fluctuations. His compensation is largely linked to performance, with a total package of approximately $3.12 million in 2023, which includes salary, bonuses, and other benefits, but excludes stock awards since none vested that year due to the terms of the 2020 Performance Award, which he forfeited upon his title change. He's notable for his keen focus on aligning executive incentives with company performance metrics, such as revenue growth and adjusted EBITDA. This approach not only drives results for the company but also reflects his commitment to stakeholder interests. Richison is also known for providing personal security and additional perks reflecting his high-profile role. He owns a substantial amount of Paycom stock, over 6.78 million shares, validating his investment in and commitment to the company’s future.