Paycor Welcomes Industry Leader Dru Armstrong, CEO of AffiniPay, to Board of Directors

Rhea-AI Summary

Paycor HCM (Nasdaq: PYCR) has appointed Dru Armstrong to its Board of Directors, effective October 23, 2024. Armstrong, currently CEO of AffiniPay, brings over 20 years of technology sector experience and expertise in SaaS, embedded technology, and payment industries. She has been recognized as a Top 25 Women Leader in PE-Backed Software Companies for 2024 and featured in American Banker's 2024 Most Influential Women in Fintech list. Her appointment aims to strengthen Paycor's strategic growth and innovation in HCM solutions.

Positive

• Addition of experienced technology leader with proven track record in scaling SaaS businesses
• Strategic alignment with company's growth objectives in SaaS and payment solutions
• Enhanced board expertise in embedded technology and financial leadership

Negative

• None.

CINCINNATI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced the election of Dru Armstrong to its Board of Directors, effective October 23, 2024.

Ms. Armstrong brings a wealth of leadership experience to Paycor's board, currently serving as Chief Executive Officer of AffiniPay, a leading provider of practice management software, integrated payments, and embedded fintech solutions. Her expertise spans software-as-a-service (SaaS), embedded technology, and adjacent payment industries, aligning closely with Paycor’s current and potential growth strategies.

"Dru's proven track record in driving technology companies to exponential growth, coupled with her strategic financial leadership, will be invaluable to our board," said Raul Villar, Jr., CEO of Paycor. "Her deep industry knowledge and experience in scaling SaaS businesses will be crucial as we continue to innovate and expand our HCM offerings. Additionally, Dru's commitment to fostering diverse, inclusive workplaces aligns perfectly with our company values."

With over 20 years of experience in the technology sector, Ms. Armstrong has proven success in building high-performing teams, driving product innovation and accelerating growth. She has been named a Top 25 Women Leader in PE-Backed Software Companies for 2024 by Calibre One and featured in American Banker's 2024 list of Most Influential Women in Fintech. Additionally, she is widely regarded as a thought leader on innovation, diversity, equity and inclusion, and verticalized software.

"Paycor is at the forefront of transforming how leaders leverage HCM technology to drive success," said Armstrong. "I'm thrilled to join the board at this pivotal time and look forward to contributing my experience in scaling SaaS companies and navigating complex financial landscapes. Together, we'll push the boundaries of innovation in HCM solutions, helping organizations build high-performing teams and achieve their full potential in today's dynamic business environment."

About Paycor
Paycor’s HR, payroll, and talent platform connects leaders to people, data, and expertise. We help leaders drive engagement and retention by giving them tools to coach, develop, and grow employees. We give them unprecedented insights into their operational data with a unified HCM experience that can seamlessly connect to other mission-critical technology. By providing expert guidance and consultation, we help them achieve business results and become an extension of their teams. Learn more at paycor.com.​

Investor Relations:
Rachel White
513-954-7388
IR@paycor.com  

Media Relations:
Carly Pennekamp
513-954-7282
PR@paycor.com

FAQ

When did Dru Armstrong join Paycor's (PYCR) Board of Directors?

Dru Armstrong joined Paycor's Board of Directors effective October 23, 2024.

What is Dru Armstrong's current role outside of Paycor (PYCR)?

Dru Armstrong currently serves as the Chief Executive Officer of AffiniPay, a leading provider of practice management software, integrated payments, and embedded fintech solutions.

What recognition has Dru Armstrong received in 2024?

In 2024, Armstrong was named a Top 25 Women Leader in PE-Backed Software Companies by Calibre One and was featured in American Banker's list of Most Influential Women in Fintech.