Dave Guilmette appointed as Chief Executive
Officer, maintains role on Board of Directors as Vice Chair
Company reiterates 2024 second half business
outlook
Alight, Inc. (NYSE: ALIT) (the "Company”), a leading cloud-based
human capital technology and services provider, today announced
that the Company's Board of Directors (the “Board”) recently
appointed Dave Guilmette as Chief Executive Officer. In addition,
Guilmette will continue as Vice Chair of the Board.
As part of the Company's previously disclosed succession plan,
Stephan Scholl has stepped down as Alight's CEO and member of the
Board. He will remain with the company as an advisor for six months
and continue to help advance the company’s strategic
initiatives.
Guilmette is a highly accomplished leader in the healthcare and
benefits industry who has served on Alight’s Board since May 2024.
The former CEO of Global Health Solutions, a multi-billion dollar
division of Aon, Guilmette has a strong track record of driving
growth and profitability. He brings significant expertise across
innovation, large-scale solution development, commercial
partnerships and M&A.
Chair of the Board William P. Foley, II, said, "Dave’s success
in the industry and his intimacy within the all-important payer,
provider, enterprise employer and insurer networks make him the
right leader to guide Alight as it moves forward as a simplified
platform company. Dave is a highly engaged director who already
works closely with our executive management team, so he will hit
the ground running in the CEO role and support a seamless
transition for the team and clients.”
Foley continued, “As we discussed when we released our second
quarter financial results, the Board has been focused on succession
planning for months. Today's announcement is the result of that
work, and we are confident in Dave's ability to jumpstart Alight’s
next chapter following the completion of significant milestones
including the technology transformation and divestiture of the
Payroll & Professional Services business. On behalf of the
Board, I look forward to working closely with Dave and thank
Stephan for his tireless efforts in setting the vision for Alight’s
future.”
“I am honored to lead Alight at this pivotal time,” said CEO
Dave Guilmette. “Our technology transformation and recent
divestiture have laid the groundwork for us to emerge as a much
stronger company with a significantly improved financial profile. I
know Alight’s colleagues are intensely focused and inspired by the
opportunity to partner with our clients to deliver success for them
and their people. Working closely with our executive team and Board
of Directors, I already see many opportunities for us to move even
faster in addressing these evolving client needs and reorienting
around technology-rich services that enhance our competitiveness
and deliver even more value for Alight’s clients.”
“I am proud of what we have accomplished during my time with
Alight,” said Scholl. “We have transformed Alight into a simpler,
more capital efficient company better equipped to serve our
clients’ needs. I want to thank our employees for their dedication,
and I wish Dave and the leadership team all the best.”
In conjunction with his appointment, Guilmette stepped down from
the Board's Audit Committee. With Scholl's departure, the Board
will now consist of 10 rather than 11 directors. In addition, the
Company reiterated its 2024 second half business outlook.
About Dave Guilmette
Dave Guilmette previously served as CEO of Global Health
Solutions, a multi-billion-dollar division of Aon, driving
significant growth and profitability during his tenure. He then
served as a Strategic Advisor at Global Health Solutions, advising
the CEO across innovation, large scale solution development,
commercial partnerships, and M&A strategy before retiring from
Aon earlier this year. Previous to his leadership roles at Aon, he
spent nearly a decade at Cigna, serving as President of the Global
Employer Segment and Private Exchanges and 20 years at Towers
Perrin (Willis Towers Watson) in leadership roles including serving
as Managing Director of the global Health and Welfare business.
Guilmette has served as a board member of Cigna Ventures and
several non-profit organizations.
About Alight Solutions
Alight is a leading cloud-based human capital technology and
services provider for many of the world’s largest organizations.
Through the administration of employee benefits, Alight powers
confident health, wealth, leaves and wellbeing decisions for 35
million people and dependents. Our Alight Worklife® platform
empowers employers to gain a deeper understanding of their
workforce and engage them throughout life’s most important moments
with personalized benefits management and data-driven insights,
leading to increased employee wellbeing, engagement and
productivity. Learn how Alight unlocks growth for organizations of
all sizes at alight.com.
Forward-looking statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
statements regarding our management and director succession plans
and statements related to the expectations regarding the
performance and outlook for Alight’s business, financial results,
liquidity and capital resources. In some cases, these
forward-looking statements can be identified by the use of words
such as “outlook,” “believes,” “expects,” “potential,” “continues,”
“may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,”
“intends,” “plans,” “estimates,” “anticipates” or the negative
version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties including, among others, risks described under the
section entitled “Risk Factors” of Alight’s Annual Report on Form
10-K, filed with the Securities and Exchange Commission (the "SEC")
on February 29, 2024, and in the Quarterly Report on Form 10-Q
filed with the SEC on May 8, 2024, as such factors may be updated
from time to time in Alight's filings with the SEC, which are, or
will be, accessible on the SEC's website at www.sec.gov.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. These factors should not be
construed as exhaustive and should be considered along with other
factors noted in this presentation and in Alight’s filings with the
SEC. Alight undertakes no obligation to publicly update or review
any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240826928141/en/
Investors: Jeremy Cohen investor.relations@alight.com Media:
Mariana Fischbach mariana.fischbach@alight.com
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