IRIS Software Group, a provider of accountancy, HR, payroll, and education management solutions, announced a leadership transition on Dec. 18, with CEO Elona Mortimer-Zhika set to step down in the new year after nearly a decade with the company.
Mortimer-Zhika said the decision to leave her role was driven by a desire to focus on family, philanthropic efforts, and board responsibilities. “I have had the incredible opportunity and privilege of leading a business I truly love, and it has been the best job in the world,” she said in a statement.
Her departure follows a year of significant developments for IRIS, including its $4-billion sale to Hg, Leonard Green & Partners, and Intermediate Capital Group. Mortimer-Zhika also oversaw the company’s largest-ever acquisition, bringing financial software provider Dext into the fold, which added approximately 20 per cent to group revenues.
The board has initiated an executive search for a U.S.-based global CEO to steer the company through its next phase of growth, including a focus on global expansion, product innovation, and customer success. In the interim, Gus Malezis, the company’s executive chairman, will take on the role of CEO.
Malezis said Mortimer-Zhika’s leadership positioned IRIS for continued success. “For almost a decade, Elona’s leadership has helped to create a very bright future for an amazing business, leaving us in an excellent position for continued success,” he said.
During her tenure, Mortimer-Zhika oversaw IRIS’ transition to a cloud-based platform, tripling its size and expanding its presence in the Americas. The company acquired more than 30 businesses under her leadership, significantly improved its Net Promoter Score, and achieved recognition as a Great Place to Work® across several countries, including Canada.
Nic Humphries, senior partner at Hg and an IRIS board member, said Mortimer-Zhika’s leadership has been transformative. “Under her incredible tenure, IRIS has more than tripled in size and transformed into a modern, cloud business leading its sector in both the UK and USA,” he said.
The executive search for a new global CEO is expected to conclude in 2025.