DAYTON, Ohio -

After being indicted in one of the largest tax evasion schemes ever to be prosecuted by the Justice Department and the Internal Revenue Service, Bob Brockman now no longer is the chief executive officer of Reynolds and Reynolds.

The company announced on Friday that Brockman has stepped down as CEO. Reynolds president and chief operating officer Tommy Barras has been named CEO.

The company said in a news release that the change is effective immediately.

“I am both humbled and excited by the opportunity to lead this company,” Barras said. “I have the benefit of the most talented senior executive leadership team with decades of automotive experience to lean on. 

“We also have talented associates who are passionate about the business,” he continued. “That’s an unbeatable combination and the future looks very bright.”

Reynolds highlighted that Barras is a long-time company executive who joined the company in 1976.  He was named a company officer over software development in 1988 and has held the position of executive vice president of software development since 2008.

Back in June, Barras was named Reynolds president and COO.  The company said he will retain those titles along with his CEO role.

Friday’s development arrived three weeks after a federal grand jury in San Francisco returned a 39-count indictment, charging Brockman with tax evasion, wire fraud, money laundering and other offenses.

Those charges stem from an alleged decades-long scheme to conceal approximately $2 billion in income from the IRS as well as a scheme to defraud investors in the software company’s debt securities.