Isaacman resigns from Shift4 post; president to take over as CEO

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After having his nomination to head NASA pulled by President Donald Trump, Jared Isaacman is back at Shift4 Payments Inc., the Center Valley-based company he founded. 

However, his role is changing. 

The company has announced that Jared Isaacman has resigned from his role as CEO of Shift4 effective June 5. 

He has now been appointed as the executive chair of the company. 

With his resignation, the company’s president, Taylor Lauber, has been appointed as the new CEO and the company’s principal executive officer as outlined in a previous succession plan. 

In a proxy statement, the company’s board of directors said that it is confident in Lauber’s ability to lead the company into its next phase of growth, adding that Isaacman has been a pivotal leader in the company, and his contributions have been instrumental in the company’s growth and success.  

In his new role Isaacman will remain an executive officer and Class I member of the board. 

The company expressed its gratitude for his service and leadership and looks forward to his continued role with the company. 

Lauber was named a successor to the CEO position of the company that Isaacman founded in 1999 at the age of 16 as the billionaire Isaacman prepared to take on the role as director of NASA. 

He had become well known in the space industry after flights with Elon Musk’s SpaceX program, including being the first private citizen to conduct a spacewalk.  

Recently, Trump posted on his social media platform, Truth Social that he had changed his mind about the nomination. 

“After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA.” he posted on the site. “I will soon announce a new nominee who will be Mission aligned and put America First in Space.”   

In a separate post on X, Isaacman said he valued his time being considered for the post. 

“The past six months have been enlightening and, honestly, a bit thrilling. I have gained a much deeper appreciation for the complexities of government and the weight our political leaders carry. It may not always be obvious through the discourse and turbulence, but there are many competent, dedicated people who love this country and care deeply about the mission,” Isaacman said.