ADP Announces Jan Siegmund as New CFO
Automatic Data Processing (NASDAQ: ADP) today announced that Jan Siegmund, ADP's Chief Strategy Officer and President, Added Value Services, has been appointed Chief Financial Officer, effective November 5, 2012. He succeeds Chris Reidy, who has served as CFO since 2006. Mr. Reidy will remain available through calendar year-end to facilitate an orderly transition of his responsibilities to Mr. Siegmund.
Mr. Siegmund, 48, joined ADP in 1999 as Vice President of Corporate Strategy and has held increasingly senior executive leadership positions since that time. Most recently, he served as both Chief Strategy Officer, with overall responsibility for ADP's strategy, product management, marketing and corporate development, as well as President of the Added Value Services division, overseeing tax, compliance services and insurance services. He assumed these positions in 2009 and 2007, respectively. Prior to these roles, Mr. Siegmund served as ADP's Corporate Vice President, Strategic Development from 2004 to 2007 and as Senior Vice President of Strategic Development, Brokerage Services at ADP's Brokerage Services Group from 2000 to 2004. Prior to ADP, Mr. Siegmund spent six years at McKinsey & Company where he led consulting engagements primarily