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.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Company also plans $30 billion in U.S. capital expenditures.
Wage and hour settlements accounted for $1.2B of the total.
Sponsored by OANDA
Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.