ROSELAND, N.J., May 15, 2019 /PRNewswire/ -- ADP (NASDAQ:
ADP) announced today that Francine S.
Katsoudas has been appointed to the Board of Directors,
effective May 15, 2019.
Ms. Katsoudas is an experienced thought leader in HR, talent,
organizational strategy and leadership development, cultivated over
two decades at Cisco Systems, Inc., a leading global technology
company, where she currently serves as Executive Vice President and
Chief People Officer.
"We are very pleased to welcome Fran to the ADP Board," said
John P. Jones, non-executive
Chairman of the Board. "As an innovative HR leader with a
'voice of the customer' mindset in organizational talent and
strategy, Fran's perspective and insights will be valuable to the
Board as ADP continues to drive solutions in a rapidly evolving and
dynamic HCM market. We believe this appointment reflects our
ongoing commitment to stakeholders to bring new perspectives to the
Board." Mr. Jones added, "The Board reaffirms its intention
to return to a smaller 10-member Board."
"The ADP management team remains focused on executing our
ongoing transformation and a part of that effort is to rethink a
better, more personalized world of work for our clients and their
workers," said Carlos Rodriguez,
President and Chief Executive Officer. "We're delighted that
Fran is joining the ADP Board at this exciting moment in our HCM
innovation journey."
Ms. Katsoudas began her career at Cisco in 1996 and since then,
has served in various positions of increasing responsibility,
including most recently as Chief People Officer since 2014.
Prior to Cisco, Ms. Katsoudas worked in both the financial and
professional services industries with a focus on customer service
and operations. She holds a Bachelor of Arts from the
University of California at
Berkeley.
Safe Harbor Statement
This document and other written
or oral statements made from time to time by ADP may contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical in nature and which may be identified by the use of
words like "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could" "is designed to" and other words
of similar meaning, are forward-looking statements. These
statements are based on management's expectations and assumptions
and depend upon or refer to future events or conditions and are
subject to risks and uncertainties that may cause actual results to
differ materially from those expressed. Factors that could cause
actual results to differ materially from those contemplated by the
forward-looking statements or that could contribute to such
difference include: ADP's success in obtaining, and retaining,
clients, and selling additional services to clients; the pricing of
products and services; the success of our new solutions; compliance
with existing or new legislation or regulations; changes in, or
interpretations of, existing legislation or regulations; overall
market, political and economic conditions, including interest rate
and foreign currency trends; competitive conditions; our ability to
maintain our current credit ratings and the impact on our funding
costs and profitability; security or cyber breaches, fraudulent
acts, and system interruptions and failures; employment and wage
levels; changes in technology; availability of skilled technical
associates; the impact of new acquisitions and divestitures; and
the adequacy, effectiveness and success of our business
transformation initiatives. ADP disclaims any obligation to update
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
These risks and uncertainties, along with the risk factors
discussed under "Item 1A. Risk Factors" of our most recent Annual
Report on Form 10-K, and in other written or oral statements made
from time to time by ADP, should be considered in evaluating any
forward-looking statements contained herein.
About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products,
premium services and exceptional experiences that enable people to
reach their full potential. HR, Talent, Time Management,
Benefits and Payroll. Informed by data and designed for
people. Learn more at ADP.com.
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Copyright © 2019 ADP, LLC. All rights reserved.
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