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The executive who succeeded founder B. Thomas Golisano at Paychex Inc. will exit at the end of this month.

The Rochester-based company announced Monday that Jonathan Judge has resigned as president and chief executive officer, effective July 31. Judge, who joined Paychex in October 2004 as just its second president and CEO, will complete his term as a member of the Paychex board of directors.

Golisano, who owns the Buffalo Sabres, told reporters the resignation by Judge to pursue other interests was straightforward and simple.

“Jon joined Paychex as my successor, bringing with him experience and qualifications gained during his 25-year career with IBM,” said Golisano payday loan lenders. “During his tenure with Paychex, Jon guided our company’s revenue growth from $1.4 billion in fiscal 2005 to $2.0 billion in 2010. He also strengthened our management practices, oversaw key technology advances for our payroll and HR offerings, and led our successful entry into the health and benefits business.”

The Paychex (NASDAQ: PAYX) board immediately began the search for Judge’s successor with an executive committee formed to lead the payroll and benefits company on an interim basis.

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