Carlos
Rodriguez to continue as Executive Chair of the Board upon
transition
ROSELAND, N.J., Oct. 26,
2022 /PRNewswire/ -- ADP, a leading global technology
company providing human capital management (HCM)
solutions, announced today that its board of directors has
appointed Maria Black to succeed
Carlos Rodriguez as the company's
chief executive officer, effective January
1, 2023. Ms. Black is currently ADP's president. In
connection with her new role as president and CEO, Ms. Black will
also serve as a director on the company's board.
Mr. Rodriguez has been the chief executive officer and a member
of the board of directors of ADP since November 2011. A recognized leader in the HCM
industry, he has overseen an extraordinary period of growth for the
company and led ADP through significant shifts in the world of
work, including the impacts of digital transformation. Under his
leadership, the company has accelerated its transition from payroll
processor to HCM innovator, leveraging its vast workforce data and
technology investments to design a better workplace
experience.
Upon the transition, Mr. Rodriguez will serve as executive chair
of the board. John P. Jones, the
current chairman of the board, will assume an independent lead
director role on the board, also effective January 1, 2023.
"Being CEO of ADP for these past eleven years has been one of
the greatest privileges of my life," said Carlos Rodriguez. "I am proud of everything ADP
has achieved to date, but I am most incredibly proud of our
associates, who have always shown an unwavering commitment to our
clients while navigating a highly dynamic world of work amid
changing business and operating environments." Mr. Rodriguez
continued, "I am delighted that Maria will be the next CEO of ADP.
She has learned our business truly from the ground up, which gives
her a powerful perspective and understanding of ADP's products,
innovation strategy and growth opportunities. I am confident that
Maria will continue to lead ADP successfully into the future."
"I am grateful for the confidence of the board and I am
extremely enthusiastic about the opportunity to lead ADP as it
continues to deliver insightful technology and solutions that meet
the changing needs of our clients, as well as sustainable
profitable growth and consistent value creation for our
shareholders. I am committed to fostering meaningful collaboration
and empowering the great talent of our 60,000 associates, whose
relentless focus on the success of our clients has reshaped HCM
time and again by rethinking a better, more personalized world at
work," said Ms. Black.
"Maria's appointment to CEO demonstrates ADP's commitment to
leadership development and the company's strong succession planning
process," said John P. Jones,
chairman of the board for ADP. "Maria has been at ADP for over two
decades, is a proven leader and has held various executive
leadership roles at the company. The board is thrilled and
confident she will continue to build on ADP's strong foundation and
success going forward."
Ms. Black has been the president of ADP since January 2022 and in this role, has overseen
sales, marketing, and all business operations. Prior to that, she
was president, worldwide sales and marketing of ADP since
February 2020, where she led ADP's
sales and marketing and go-to-market activities to strengthen brand
awareness and grow market share. She also served as president,
Small Business Solutions and Human Resources Outsourcing from
January 2017 to February 2020, as president, ADP TotalSource from
July 2014 to December 2016, as general manager, ADP United
Kingdom from April 2013 to
June 2014, and as general manager,
Employer Services - TotalSource Western Central Region from
January 2008 to March 2013. Ms. Black joined ADP in 1996.
Ms. Black holds a Bachelor of Arts degree in political science
and international affairs from the University
of Colorado, Boulder.
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 "outlook," "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 and
inflation; 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 associates; the
impact of new acquisitions and divestitures; the adequacy,
effectiveness and success of our business transformation
initiatives; the impact of any uncertainties related to major
natural disasters or catastrophic events, including the COVID-19
pandemic; and supply-chain disruptions. 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.
ADP, the ADP logo, and Always Designing for People are
trademarks of ADP, Inc.
Copyright © 2022 ADP, Inc. All rights reserved.
ADP - Investor Relations
Investor Relations Contact:
Danyal Hussain
973.974.7836
Danyal.Hussain@adp.com
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CFA
973.974.3037
Matthew.Keating@adp.com
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Media Contact:
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