Ontario Systems’ Board of Directors has elected Ron Fauquher as its new CEO, effective immediately. He replaces Tony Reisz, who will be leading a different organization in the insurance industry.
Fauquher previously was Ontario Systems' senior vice president and chief strategy officer, where he led product direction, partnership development and new business acquisition plans.
“I am honored to lead the company at this exciting time,” says Fauquher. “We have released more new products in the last six months than any other time in our company’s history. We have the best customers in the industry and it’s my job to make sure we continue to serve them in the best way possible.
"We will continue to invest significantly in our products and are committed to our current product direction. We’re very excited about the future and the new phase of growth and innovation already underway.”
Fauquher said Ontario Systems’ product development strategies will remain unchanged. “Our commitment to the account receivables industry and to our clients and partners is as strong as ever.”
Ontario Systems provides software and technology services to recover consumer and business payments in highly regulated industries. According to the company, Ontario Systems’ clients return nearly $20 billion into the U.S. economy each year. The company's services include FACS, Artiva and Guaranteed Contacts product lines, and it recently launched its Collect Savvy platform.
Wil Davis, chairman of the Board of Ontario Systems, said, “We could not have selected a stronger leader than Ron Fauquher for this point in Ontario Systems’ long history. Ron is a seasoned business leader. He has been behind Ontario Systems’ product innovations and business strategies since its beginnings more than three decades ago. The industry knows him well and he knows our company and capabilities better than anyone.”
Ontario Systems was founded in 1980 and is located in Muncie, Ind.