Automatic Data Processing, the Roseland, N.J., provider of payroll and other HR services with $10.7 billion in 2011 revenue, named Jan Siegmund CFO. Siegmund, 48, pictured at right, replaces Christopher Reidy, ADP’s CFO since 2006, who is leaving the company. Siegmund has served as ADP’s chief strategy officer since 2009 and president of its added value services division since 2007. He joined ADP in 1999 as vice president of corporate strategy, and since then also served as corporate vice president of strategic development and senior vice president of strategic development for ADP’s brokerage services group. Prior to joining ADP, he worked at McKinsey & Co. for six years.
At least eight firms are collectively owed more than $550,000 in the Chapter 11 filing by Penthouse Global Media Inc.
Social and news media bombard us daily with accounts of sexual harassment and misconduct by captains of industry, the arts and politics. The accounts and identities of these formerly admired men continue to shock the public with no end in sight.
Progress on diversity is slowed by the lack of turnover on corporate boards.
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