Carlos
Rodriguez to continue as member of ADP Board of
Directors
ROSELAND, N.J., Jan. 10,
2024 /PRNewswire/ -- ADP, a leading global technology
company providing human capital management (HCM) solutions,
announced today that its board of directors appointed Thomas J. Lynch as its independent,
non-executive board chair to succeed Carlos
A. Rodriguez as executive chair of the board, effective as
of January 31, 2024. Mr. Lynch
has served as an independent director of the board since 2018.
Mr. Rodriguez will continue to serve on the company's board as a
non-employee director. In addition, John P. Jones will transition from his role as
lead independent director but remain a board member. Prior to
serving as lead independent director, Mr. Jones had been ADP's
independent non-executive chairman since 2015.
John P. Jones said, "We would
like to express our deep appreciation to Carlos for his outstanding
leadership of ADP during his tenure as CEO and his exceptional
stewardship during this last year of transition. His invaluable
direction and guidance over the past year as executive chair,
including his deep commitment to sound leadership succession
planning, has only served to strengthen ADP's future."
Carlos Rodriguez said, "I have
seen Maria flourish as CEO in her first year. The company is in
great hands and it has been a true pleasure to serve as executive
chair during this seamless transition."
"I value Carlos' insight and thought leadership – not just this
past year as I stepped into my new role, but as a great teacher and
mentor to me over the years," said Maria
Black, president and CEO of ADP. "His service and
commitment to ADP is second-to-none. Given his extensive HCM
expertise and unique understanding of ADP, I am delighted that the
board can continue to benefit from his ongoing involvement as a
director."
Turning to the appointment of Mr. Lynch, John P. Jones said, "Tom's extensive leadership
experience, coupled with his deep operational background and
technology expertise, make him the right choice to lead our board
today. The breadth of his experience has enriched our performance
as a board over the last several years."
"I feel privileged to take on the role of independent board
chair of ADP at such an exciting time for the company," said
Thomas J. Lynch. "I am confident
that ADP can continue to be a trusted partner to its clients,
providing technology, data and expertise to navigate through any
change, while continuing to deliver on its track record of
sustainable profitable growth and consistent value creation for all
of its stakeholders. I look forward to continuing to work closely
with the board, CEO Maria Black and
the entire ADP leadership team to advance the company's strategic
HCM priorities."
Thomas J. Lynch is a seasoned
business leader and served as CEO of TE Connectivity Ltd., a
leading global technology and manufacturing company, from
January 2006 to March 2017. Since joining the board of ADP
in 2018, Mr. Lynch has served as a member of the board's corporate
development and technology advisory committee and most recently as
chair of the compensation and management development committee and
member of the nominating/corporate governance committee.
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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
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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
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differ materially from those contemplated by the forward-looking
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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;
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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)
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