Joe Schweppe Named New Inova CEO
NASHVILLE, Tenn., July 6, 2023- Inova Payroll, LLC, a national payroll and human resource solutions provider, has announced that Farsheed Ferdowsi, Founder and CEO of the company, is retiring as CEO and will remain with the company as its Founder and Executive Chairman. Joe Schweppe, the current President of Inova, became President and CEO effective July 1, 2023.
Ferdowsi founded Inova Payroll in 2011, and over the past 12 years, has grown the company to be among the top five privately-held payroll/HCM providers in the country. During his prolific 40-year business career, Ferdowsi has founded ten companies, created countless software solutions, and is recognized as a pioneer in internet-enabled payroll service.
“I could not have succeeded in growing Inova to the company it is today without the help of the countless people who have been a part of the company from day one and through the years,” stated Ferdowsi. “I am proud of what we have built together and am confident that under Joe Schweppe’s leadership, Inova shall continue to grow and prosper. I have the utmost respect for Joe and trust that under his direction, and that of our proven senior executives, we will become a formidable force in the payroll/HCM space where, above all else, our people are our competitive edge.”
Schweppe was named President of Inova in April 2022 and has been responsible for the company’s operations and growth engine, including sales and marketing, Inova Benefits, and HRexperts. As CEO, he will also oversee finance, human resources, and set the strategic direction of Inova in collaboration with the company’s Board of Directors.
“I am honored and humbled to be entrusted with the leadership of Inova,” said Schweppe. “I get to work with an experienced management team that shares my passion to serve. We recognize the industry is riddled with competitors, but none that match our value of competence and kindness. I am eager to lead Inova to the next chapter of growth with a team that knows what it takes to put people and service first.”
Prior to Inova, Schweppe was President of IPS, which he co-founded with Coray Grove, currently Chief Revenue Officer at Inova. Over 16 years, Schweppe and Grove grew IPS from a two-person partnership to a leading HCM company with more than 55 associates, 1,500 clients, and multiple awards, including St. Louis Small Business Monthly’s # 1 Most Reliable Service award, The St. Louis Business Journal’s Best Places to Work, Inc. 5000’s list of fastest-growing companies in the United States, and several UKG’s Partner of the Year awards.
