ROSELAND, N.J., April 18, 2018 /PRNewswire/ -- ADP (NASDAQ:
ADP) announced today that Thomas J.
Lynch and Scott F. Powers
have been appointed to the Board of Directors, effective
April 18, 2018. These
appointments expand the ADP Board of Directors to 12 members
currently.
Thomas J. Lynch is a seasoned
business leader with a deep operational background. He has
served as Chairman of TE Connectivity Ltd., a leading global
technology and manufacturing company, since 2013 and previously
served as Chief Executive Officer from January 2006 to March
2017.
Scott F. Powers has over three
decades of experience leading and advising firms in the investment
management industry. From 2008 until his retirement in 2015,
he was the President and Chief Executive Officer of State Street
Global Advisors.
"Tom and Scott will be valuable additions to ADP's Board and we
are excited to welcome them," said John P.
Jones, non-executive Chairman of the Board. "The
breadth and richness of their business experience will be
tremendous assets for us. As the Board anticipates a return
to a smaller 10-member Board over time, we believe these
appointments reflect ADP's longstanding commitment to thoughtfully
bringing in fresh perspectives, and we look forward to the insights
and contributions that Tom and Scott will bring to ADP."
"Working with our Board, the ADP management team is focused on
executing on our ongoing transformation strategy and driving
sustainable long-term shareholder value," said Carlos Rodriguez, President and Chief Executive
Officer. "The Board and management are both actively engaged
with our shareholders, and we look forward to maintaining our
strong collaboration."
Before becoming CEO of TE Connectivity Ltd., Mr. Lynch was
President of Tyco Engineered Products and Services since joining
Tyco International in September 2004.
Prior to that, he served as Executive Vice President of
Motorola and President and Chief Executive Officer of Motorola's
Personal Communications sector. In addition to TE
Connectivity Ltd., Mr. Lynch is currently a director of Cummins
Inc. and Thermo Fisher Scientific Inc. Mr. Lynch holds a
Bachelor of Science in Commerce from Rider
University.
Before joining State Street, Mr. Powers was the President and
Chief Executive Officer of Old Mutual Asset Management, the
U.S.-based global asset management business of Old Mutual plc. He
also held executive roles at Mellon Institutional Asset Management
and Boston Company Asset Management. Mr. Powers is currently
a director of PulteGroup, Inc. and Sun Life Financial Inc. He
holds a Bachelor of Arts in Economics from Harvard College.
About ADP (NASDAQ-ADP)
Powerful technology plus a
human touch. Companies of all types and sizes around the
world rely on ADP cloud software and expert insights to help unlock
the potential of their people. HR. Talent.
Benefits. Payroll. Compliance. Working together
to build a better workforce. For more information, visit
ADP.com.
ADP and the ADP logo are registered trademarks of ADP, LLC.
ADP A more human resource. is a service mark of ADP, LLC. All other
marks are the property of their respective owners.
Copyright © 2018 ADP, LLC. All rights reserved.
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; 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 privacy breaches, fraudulent acts, and system
interruptions and failures; employment and wage levels; changes in
technology; availability of skilled technical associates; and the
impact of new acquisitions and divestitures. 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" in our Annual
Report on Form 10-K for the fiscal year ended June 30, 2017 should be considered in evaluating
any forward-looking statements contained herein.
ADP-Media
View original content with
multimedia:http://www.prnewswire.com/news-releases/adp-appoints-thomas-j-lynch-and-scott-f-powers-to-board-of-directors-300631890.html
SOURCE ADP, LLC