ADP Announces CFO Transition
01 Novembro 2012 - 9:32AM
Automatic Data Processing, Inc. (Nasdaq:ADP), a leading provider of
human capital management solutions, today announced that Jan
Siegmund, ADP's Chief Strategy Officer and President, Added Value
Services, has been appointed Chief Financial Officer, effective
November 5, 2012. He succeeds Chris Reidy, who has served as CFO
since 2006. Mr. Reidy will remain available through calendar
year-end to facilitate an orderly transition of his
responsibilities to Mr. Siegmund.
Mr. Siegmund, 48, joined ADP in 1999 as Vice President of
Corporate Strategy and has held increasingly senior executive
leadership positions since that time. Most recently, he served as
both Chief Strategy Officer, with overall responsibility for ADP's
strategy, product management, marketing and corporate development,
as well as President of the Added Value Services division,
overseeing tax, compliance services and insurance services. He
assumed these positions in 2009 and 2007, respectively. Prior
to these roles, Mr. Siegmund served as ADP's Corporate Vice
President, Strategic Development from 2004 to 2007 and as Senior
Vice President of Strategic Development, Brokerage Services at
ADP's Brokerage Services Group from 2000 to 2004. Prior to
ADP, Mr. Siegmund spent six years at McKinsey & Company where
he led consulting engagements primarily in the financial services
industry. He holds a PhD in economics and a master of science
degree in industrial engineering.
"Jan brings financial expertise, extensive knowledge of ADP and
our industry, and strong leadership and strategic skills to his new
role as CFO," said Carlos A. Rodriguez, ADP President and Chief
Executive Officer. "Jan has been instrumental in developing
ADP's growth strategy, resulting in the company's expansion into a
number of key new markets. We have worked closely together for many
years, and I am pleased to be promoting such a proven leader from
within our ranks. His financial acumen and strong analytical
capabilities are complemented by a knowledgeable, long-serving team
of financial professionals, including Corporate Controller Alan
Sheiness and Corporate Treasurer Michael Eberhard, both corporate
officers of ADP."
Mr. Rodriguez continued, "On behalf of all of us at ADP, I want
to thank Chris for his dedicated service as CFO. During his
tenure, he built an accomplished finance organization and made many
important contributions that benefited ADP. We wish Chris
continued success in his future endeavors."
ADP will commence a search that will consider internal and
external candidates to fill the positions previously held by Mr.
Siegmund.
About ADP
Automatic Data Processing, Inc. (Nasdaq:ADP), with more than $10
billion in revenues and approximately 600,000 clients, is one of
the world's largest providers of business outsourcing solutions.
Leveraging over 60 years of experience, ADP offers a wide range of
human resource, payroll, tax and benefits administration solutions
from a single source. ADP's easy-to-use solutions for employers
provide superior value to companies of all types and sizes. ADP is
also a leading provider of integrated computing solutions to auto,
truck, motorcycle, marine, recreational vehicle, and heavy
equipment dealers throughout the world. For more information about
ADP or to contact a local ADP sales office, reach us at
1.800.225.5237 or visit the company's Web site at www.adp.com.
CONTACT: ADP Investor Relations, Elena Charles at 973.974.4077
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