Chad Richison
| Chad Richison | |
|---|---|
| Born | Tuttle, Oklahoma |
| Nationality | American |
| Alma mater | University of Central Oklahoma |
| Occupation | Founder, CEO and President of Paycom |
| Years active | 1998-present |
| Awards | Ernst & Young Entrepreneur of the Year |
Chad Richison is an American entrepreneur who has served as President and Chief Executive Officer of Paycom since its founding. [1] A native Oklahoman, Richison began his career with a large national payroll company before moving to Colorado to work for a smaller, regional payroll provider. [2] In 1998, Richison returned his family to Oklahoma and founded Paycom. [3]
Early Life and Education
Richison, a graduate of Tuttle High School, holds a B.A. in Mass Communications from the University of Central Oklahoma (1989-93).
Paycom
Richison founded Paycom in 1998 and has remained on as its President and Chief Executive Officer. Paycom is believed to be one of the first companies to process payroll completely online and has been recognized by Inc. Magazine for its continued growth as one of the fastest-growing companies in the U.S. [4] [5] On April 21, 2014, Richison took Paycom public on the New York Stock Exchange with a successful initial public offering of 6,645,000 shares that generated net proceeds of $64.3 million. [6] Following the IPO, Richison purchased an additional 52,600 shares of Paycom stock. [7]
Personal Life
Richison lives with his four children in Edmond, Oklahoma, and is deeply involved in his community, holding memberships in the Greater Oklahoma City Chamber of Commerce, Oklahoma State Chamber Economic Development and Taxation Committee and Independent Payroll Provider Association Government Affairs. [6]
In November 2015, Richison made the single-largest donation ever to his alma mater's athletic program. His $10 million gift to UCO Athletics will fund its athletic complex. [8]
Awards and Accolades
In 2015, Richison was named Oklahoma’s Most Admired CEO in the public company category and was profiled in Oklahoma’s Most Admired CEOs magazine. [9] Glassdoor ranked Richison among the highest rated CEOs for 2014. [10] [11] Richison earned The Oklahoman's 2013 Large Business Leadership Award, while his company ranked as one of the Top Workplaces in the state. [12] [13] Richison was bestowed the highest honor at the University of Central Oklahoma in 2012 after being named a Distinguished Alumnus. [14] In 2010, Richison received the Ernst & Young Entrepreneur of the Year Award for the Southwest Area North. [14]
References
- ↑ Lawson, Michael S. (2010). Leading Change in Turbulent Times: How Effective Leaders Execute Change and Land Safely in Health and Business. AuthorHouse. ISBN 9781452092898.
- ↑ Dion, Don (1 May 2014). "Paycom Quiet Period Expiration Will Likely Pay Off For Investors". Seeking Alpha. Retrieved 16 June 2014.
- ↑ Mecoy, Don (29 November 2009). "Loss leaves boss driven to succeed". The Oklahoman. Retrieved 16 June 2014.
- ↑ Bruns, Brian (25 August 2011). "Paycom CEO predicts company growth". The Journal Record. The Journal Record archives (subscription needed). Retrieved 25 November 2013.
- ↑ "Hitting pay dirt". Smart Business. Smart Business. 26 August 2010. Retrieved 23 June 2014.
- 1 2 Brian, Brus (29 May 2014). "Scaling service: Paycom CEO sees growth after IPO". The Wall Street Journal. Retrieved 23 June 2014.
- ↑ Davis, Scott (22 April 2014). "Insider Buying: Chad R. Richison Acquires 52,600 Shares of Paycom Software Stock (PAYC)". WKRB News & Analysis. Retrieved 16 June 2013.
- ↑ Kathryn McNutt (10 November 2015). "Paycom founder gives $10M to University of Central Oklahoma athletic department". The Oklahoman. The Oklahoman. Retrieved 12 November 2015.
- ↑ Jessica Mitchell (12 February 2015). "2015 Most Admired CEO's". The Journal Record. The Journal Record. Retrieved 12 November 2015.
- ↑ Staff (24 March 2014). "Richison ranked among highest-rated CEOs". The Journal Record. The Journal Record archives (subscription needed). Retrieved 23 June 2014.
- ↑ Karol, Gabrielle (11 Dec 2013). "The Best Medium-Sized Companies to Work For and Why". Fox. Retrieved 27 May 2014.
- ↑ Burkes, Paula (15 December 2013). "Leadership Award – Large Companies". The Oklahoman. NewsOK.com. Retrieved 23 June 2014.
- ↑ Bailey, Brianna (15 December 2013). "Top Workplaces: Paycom employees enjoy parties, fitness classes, subsidized meals". The Oklahoman. NewsOK.com. Retrieved 23 June 2014.
- 1 2 Hamlin, Reagan (31 October 2012). "UCO names distinguished alumni". The Oklahoman. NewsOK.com. Retrieved 23 June 2014.