NJ TECH CORNER: ADP

Photo: Carlos A. Rodriguez, CEO, President Photo Credit: Courtesy ADP
Carlos A. Rodriguez, CEO, President | Courtesy ADP

  

Company Overview 

ADP (NASDAQ: ADP)  is a comprehensive global provider of cloud-based Human Capital Management (HCM) solutions that unite human resources, payrolltalenttimetax and benefits administration, and a provider of business outsourcing services, analytics and compliance expertise. Its experience, insights, and technology have transformed human resources from a back-office administrative function to a strategic business advantage.Founded in 1949.the Roseland-based company has more than 650,000 clients worldwide and a global workforce of 56,700 employees.

 

Investment & Financial Information

 

Shares of common stock outstanding (as of Sept. 9, 2016):

454,375,205

Share price of stock (as of April 21, 2017)

$102.69

Share price of stock (one year ago)

$  89.35

Current valuation (as of April 21, 2017)

$  46.66 billion

Valuation one year ago

$  41.57 billion

Stock Symbol:

NASDAQ:ADP

Net Revenues (6/30/16)

$11.67 billion

Net Revenues previous year

$10.94 billion

Net Income(6/30/16)

$1.493 billion

Net Income previous year:

$1.453 billion

 

Management Team

 
 

Name

Age

Title

John Ayala

49

President, major account services and ADP Canada

Maria Black

42

President, small business solutions and human resources outsourcing

Michael A. Bonarti

50

Corporate vice president, general counsel, secretary

Deborah L. Dyson

50

Corporate vice president, client experiences and continuous improvement

Edward B. Flynn, III

56

President, global enterprise solutions

Dermot J. O’Brien

50

Chief human resources officer

Thomas Perrotti

47

President, worldwide sales and marketing

Douglas Politi

54

President, added value services

Carlos A. Rodriguez

52

President and CEO

Stuart Sackman

55

Corporate vice president, global product and technology

Jan Siegmund

52

Corporate vice president and CFO

Donald Weinstein

47

Chief strategy officer

 

 

Board of Directors

 

Name

Age

Title

Peter Bisson

59

Retired director and global leader of McKinsey & Co.’s high-tech practice

Richard T. Clark

70

Retired chairman, CEO, Merck & Co. Inc.

Eric C. Fast

67

Retired CEO, Crane Co.

Linda R. Gooden

63

Retired executive vice president, Lockheed Martin Corporation Information Systems & Global Solutions

Michael Gregoire

50

CEO, director, CA Technologies

R. Glenn Hubbard

58

Dean, Columbia University Graduate School of Business

John P. Jones

65

Chairman of the board, retired chairman and CEO, Air Products & Chemicals Inc.

William J. Ready

36

Senior vice president and global head of product & engineering, Paypal

Carlos A. Rodriguez

52

CEO and president, ADP

Sandra S. Wijnberg

60

Executive advisor, former partner and chief administration officer, Aquiline Holdings

 

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

The Vanguard Group Inc.

30,095,522

  6.52%

  Black Rock Inc.

  27,999,497

  6.1%

 

[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]

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