Paycom Software, Inc. has appointed Craig Boelte and William Kerber to its board of directors, effective July 8, 2026, increasing the total number of directors to eight. The decision leverages the appointees' extensive experience with the company and the human capital management sector to drive innovation and long-term value.

Chad Richison, Paycom founder, CEO and chairman, highlighted the significance of the appointments, noting that both individuals have played important roles in the company's success. He emphasized that their deep knowledge of the business and industry expertise will provide valuable insight as Paycom continues to create value for clients, employees and stockholders.

Craig Boelte, who retired as Paycom's chief financial officer in 2025, brings nearly 40 years of experience in the workforce management and HR industry. During his nearly 20-year tenure as CFO, he was instrumental in Paycom's transition to a public company in 2014 and its subsequent revenue growth, which rose from $108 million in 2013 to approaching $2 billion prior to his retirement. Boelte currently manages his family office and serves on the board of Kirkpatrick Bank.

William Kerber is the chief executive officer of Human Mode, LLC, a robotics company focused on advancing humanoid and collaborative robotic systems. An original Paycom employee who joined in 1999, Kerber served as a software developer, network architect and later as chief information officer until 2017. He holds a bachelor's degree in computer science from the University of Oklahoma and has previously served on the university's School of Computer Science board of advisers.

New Board Profiles

Paycom Software, Inc. is a provider of cloud-based human capital management software, serving organizations across the U.S. and internationally. The company's technology automates HR and payroll tasks through a single database, managing the entire employment life cycle.

TD Cowen analyst Jared Levine has maintained a Buy rating on Paycom Software while adjusting the stock's valuation outlook. The firm lowered its price target to $149, down from the previous $154, reflecting a revised assessment of the company's shares.

Rating and Price Target

The research note reinforces a positive stance on Paycom Software, retaining the Buy recommendation despite the reduction in the price objective. The new target of $149 represents a decrease from the prior level of $154.