Company Overview

ADP (NASDAQ: ADP) is a global technology company providing cloud-based human capital management (HCM) solutions that unite human resources, payrolltalenttimetax and benefits administration. The company also provides business outsourcing services, analytics and compliance expertise. The company is focused on designing better ways to work through cutting-edge products and premium services that enable people to reach their full potential. Founded in 1949, the Roseland-based company serves more than 810,000 clients worldwide with a global workforce of 58,000 associates.

Investment & Financial Information

Shares of common stock outstanding* 437,439,841
Share price of stock (as of Sept.11, 2019)   $160.98
Share price of stock (one year ago)   $147.00
Current valuation   $70.42 billion
Valuation one year ago   $64.30 billion
Stock Symbol: NASDAQ:ADP
Net Revenues (6/30/19) $14.2 billion
Net Revenues previous year $13.3 billion
Net Income (6/30/19)   $ 2.3 billion
Net Income previous year: $ 1.9 billion

 *Shares of common stock outstanding listed in 2018 proxy statement.  

Management Team

Name Age Title
Brock Albinson 44 Corporate Controller and Principal Accounting Officer
John Ayala 52 President, Major Account Services and ADP Canada
Maria Black 45 President, Small Business Solutions and Human Resources Outsourcing
Michael A. Bonarti 53 Corporate Vice President, General Counsel and Secretary
Deborah L. Dyson 53 President, National Account Services
Michael C. Eberhard 57 Vice President and Treasurer
SreeniKutam 49 Chief Human Resources Officer
Dermot J. O’Brien 53 Chief Transformation Officer
Thomas J. Perrotti 50 President, Worldwide Sales and Marketing
Douglas W. Politi 57 President, Compliance Solutions
Carlos A. Rodriguez 55 President and CEO
Stuart Sackman 58 Corporate Vice President, Global Shared Services
Donald Weinstein 47 Corporate Vice President, Global Product and Technology
Kathleen A. Winters 51 Chief Financial Officer

Board of Directors

Name Age Title
Peter Bisson 61** Retired director and global leader of McKinsey & Co.’s high-tech practice
Richard T. Clark 72** Retired chairman, CEO, Merck & Co. Inc.
Eric C. Fast 69** Retired CEO, Crane Co.
Linda R. Gooden 65** Retired executive vice president,Lockheed Martin Corporation Information Systems & Global Solutions
Michael P. Gregoire 52** CEO, director, CA Technologies
R. Glenn Hubbard 60** Dean, Columbia University Graduate School of Business
John P. Jones 67** Chairman of the Board, retired chairman and CEO, Air Products & Chemical Inc.
Thomas J. Lynch 63** Chairman, former CEO, TE Connectivity Ltd.
William J. Ready   38** Senior vice president and global head of product & engineering, PayPal
Scott F. Powers 59** Former president, CEO, State Street Capital Advisors
Carlos A. Rodriguez 55 CEO and president, ADP
Sandra S. Wijnberg 62** Executive advisor, former partner and chief administration officer, Aquiline Holdings

   ** Ages listed in 2018 proxy statement

Noteworthy Control

Name Shares of common stock owned % of total common shares
The Vanguard Group Inc.*** 35,966,553   8.10%
  Black Rock Inc. ***   28,712,426   6.5%

***Amount and percentage of shares of common stock listed in 2018 proxy statement.

[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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