The board of directors for Nacha has selected Jane E. Larimer as the nonprofit’s next president and CEO, the organization said in a release.
The board formed a committee to search for a new leader earlier this year, and Larimer will begin her tenure on July 1, 2019.
Janet Estep served as CEO for 11 years, and will retire at the end of 2019.
“Nacha is an amazing organization whose work is instrumental in building consensus and supporting the creation of rules, standards and education that enhance and enable payments and financial data exchange to benefit all stakeholders,” said Larimer. “Nacha is well positioned for the future, and I look forward to working with our talented team, our great members and industry to further strengthen the leadership position of the ACH Network within our nation’s payment system.”
Larimer has three decades of experience in the payments field and has worked at Nacha for 23 years, in various positions.
“The Nacha Board feels that it has been very fortunate in finding a new CEO with Jane’s background in the industry, coupled with her leadership ability, experience and values,” said Nacha Board Chair Laura Lee Orcutt. “Jane is the best person to lead Nacha in collaboration with its Board, Members and the industry. The unanimous selection of Jane Larimer reinforces the Board’s commitment to finding an individual who can help the organization sustain its leadership in the payments space and build productive dialogue with the entire industry.”
Orcutt also praised Estep’s leadership, saying her tenure “has strengthened Nacha’s role in the payments ecosystem.”
Under the leadership of Estep, “Nacha has expanded its payments-wide support with the launch of the Afinis Interoperability Standards membership group,” and the ACH Network has grown 61 percent, “with new capabilities, new education, accreditation and certification programs have been launched, and new partnerships and tools have been brought to the industry,” the company said in the release.