Joe Nackashi is the new CEO of mortgage software firm Black Knight, as of May 22, the company announced. He was previously president.
Nackashi replaces Anthony Jabbour, chairman and CEO, who will assume the role of executive chairman of the board starting in May.
Kirk Larsen, Black Knight’s CFO, will assume the role of president and CFO.
Jabbour joined Black Knight as CEO in 2018 and became chairman and CEO in 2021. Under Jabbour’s leadership, the pace of innovation has accelerated with the goal of helping clients solve their biggest challenges and take advantage of their greatest opportunities. The focus on innovation has resulted in record sales and accelerated revenue growth, the company says in a release.
In addition to achieving higher organic growth, Black Knight acquired and integrated nine companies into the Black Knight ecosystem, including the largest acquisition in company history.
In his role as executive chairman, Jabbour will focus on the strategic direction of the company, capital allocation and will work with the executive leadership team to extend the company’s track record of success.
Nackashi has been president since 2017 and is a 35-year veteran of the company. Over his career, Nackashi has developed strong and trusted relationships with Black Knight clients and leaders throughout the mortgage industry.
In his role as president, Nackashi has been intensely focused on the tight integration of the company’s teams, solutions and operations to provide clients with enhanced efficiency while also improving their customers’ experience.
Larsen joined Black Knight as CFO in 2014 and led the company through its initial public offering in 2015. In his expanded role, Larsen will also assume responsibility for the compliance, enterprise risk management, human resources, internal audit, legal and marketing functions and will work closely with Nackashi to achieve Black Knight’s strategic goals.