NEW
YORK, June 4, 2024 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR) announced
today that Edmund Reese, Chief
Financial Officer, will be stepping down from his role, effective
June 30, 2024, to become Chief
Financial Officer of Aon, a $61
billion market capitalization global professional services
firm.
Ashima Ghei, who is currently the
Chief Financial Officer of Broadridge's $4.5
billion revenue Investor Communication Solutions segment,
will serve as Interim Chief Financial Officer. Broadridge has
initiated a search process for a permanent successor that will
include both internal and external candidates.
"I want to thank Edmund for his strong contributions and
leadership over the past four years. He has been a valuable
partner, and I wish him continued success in his next role," said
Tim Gokey, CEO of Broadridge. "He
leaves Broadridge poised to deliver another year of steady and
consistent growth, on track to achieve our three-year financial
objectives, and financially strong."
"As CFO of our largest business, Ashima
Ghei has played a key role in driving the strong performance
of our Investor Communication Solutions segment over the past two
years. I look forward to working even more closely with Ashima in
her role as Interim CFO," Mr. Gokey added.
"It has been a privilege to serve as Broadridge's Chief
Financial Officer and contribute to its consistent growth," said
Mr. Reese. "I depart confident that Broadridge is well-positioned
to deliver on its three-year financial objectives with a long
runway for continued growth."
Mr. Reese has served as Broadridge's CFO since 2020, playing a
key role in driving Broadridge's strong financial performance.
During his tenure, Broadridge's market capitalization grew 38% to
$24 billion while annualized
recurring revenue and Adjusted EPS grew 11% and 12%, respectively,
from fiscal year 2020 to fiscal year 2023.
Ms. Ghei has served as the Chief Financial Officer of
Broadridge's Investor Communication Solutions segment since
January 2022 and is a member of the
company's Executive Leadership Team. Prior to joining
Broadridge, Ms. Ghei spent 18 years at American Express, where she
held a range of increasingly senior roles in Finance and Business
strategy, most recently serving as Head of Merchant Pricing for the
Americas. She holds an undergraduate degree in Economics from
Delhi University and an MBA from
Indian Institute of Management Calcutta.
Forward Looking Statements
This press release and other written or oral statements made
from time to time by representatives of Broadridge 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 such as "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could be," "on track," and other words
of similar meaning, are forward-looking statements. In particular,
statements about our current fiscal year and about our three-year
objectives are forward-looking statements.
These statements are based on management's expectations and
assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors described
and discussed in Part I, "Item 1A. Risk Factors" of our Annual
Report on Form 10-K for the year ended June
30, 2023 (the "2023 Annual Report"), as they may be updated
in any future reports filed with the Securities and Exchange
Commission. All forward-looking statements speak only as of the
date of this press release and are expressly qualified in their
entirety by reference to the factors discussed in the 2023 Annual
Report.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $6 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions that
drive business transformation for banks, broker-dealers, asset and
wealth managers and public companies. Broadridge's infrastructure
serves as a global communications hub enabling corporate governance
by linking thousands of public companies and mutual funds to tens
of millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries.
For more information about us, please visit
https://www.broadridge.com
Contact information:
Investors
broadridgeir@broadridge.com
Media
Gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.