FinQuery announces new CEO, COO, executive chair

Accounting and contract management solutions provider FinQuery announced a major reshuffle of its executive team, including a new CEO, COO and executive chairman. Joe Schab—the president and chief operating officer—has been appointed to the role of chief executive officer, effective immediately. 

"It's an honor to be appointed CEO of FinQuery," said Schab. "I'm incredibly proud of the positive impact we've made on our customers, helping them simplify complex accounting processes and gain unparalleled visibility into their committed spend. I'm eager to continue building on this success and deliver even more impactful solutions that meet their evolving needs."

Meanwhile, George Azih, founder and now-former CEO, will transition to the role of founder and executive chairman, where he will continue to provide strategic guidance and support the company's growth.

"Joe has been an invaluable partner in building FinQuery into the successful company it is today," said Azih. "A deep understanding of the technology industry coupled with his strategic vision and operational expertise make him the ideal leader to guide FinQuery through its next phase of growth. I am confident that under Joe's leadership, FinQuery will continue to innovate and deliver exceptional value to our customers."

In addition to Schab's promotion, FinQuery also announced the promotion of Justin Smith from chief financial officer to both CFO and COO. Smith will assume responsibility for overseeing the company's financial and operational performance. It is unknown who the replacement CEO will be. 

Overall, according to Azih, these changeups in the leadership reflect a natural evolution in people's roles through the years. 

"This transition is about aligning titles with the roles that have already been shaping FinQuery's success," he said. "Joe has been serving as president and COO for several years, playing a pivotal role in driving our strategy and operations. His promotion to CEO is a natural evolution, recognizing his outstanding leadership and vision. Similarly, Justin's move into the dual roles of CFO and COO reflects how closely these two functions have become aligned in recent years, as we prioritize both financial strategy and operational excellence to deliver greater value to our customers. As I step into the role of executive chairman, my focus will remain on guiding FinQuery's strategic vision while empowering this exceptional team to continue simplifying complex accounting processes for our customers." 

FinQuery, formerly LeaseQuery, has spent the last few years growing well beyond its original focus on lease accounting, prompting a rebrand early last year. The transition to FinQuery mirrors the company's expanded vision toward providing comprehensive financial solutions. While lease accounting software remains a core part of its offering, FinQuery represents a more holistic approach to financial management. To this end, the company recently released a prepaid and accrual accounting solution as well as a contract management solution.