Summary
Automatic Data Processing, Inc. (ADP) announced significant changes to its Board of Directors via an 8-K filing on August 4, 2015. The company appointed Mr. Peter Bisson as a new director, who will also join the Corporate Development and Technology Advisory Committee. This addition signals a potential focus on strategic growth and technological advancements within the company's leadership. Furthermore, the filing details a planned transition in Board leadership. Mr. Leslie A. Brun, the current non-executive Chairman, will retire and step down from the Board at the upcoming 2015 Annual Meeting of Stockholders. Succeeding him as non-executive Chairman will be current director Mr. John P. Jones. These changes indicate a proactive approach to board composition and succession planning, aiming to ensure continuity and fresh perspectives at the highest levels of governance.
Key Highlights
- 1Appointment of Peter Bisson as a new director to the Board.
- 2Peter Bisson appointed to the Corporate Development and Technology Advisory Committee.
- 3Non-executive Chairman Leslie A. Brun will not seek re-election at the 2015 Annual Meeting.
- 4Leslie A. Brun intends to retire and resign from the Board effective after the 2015 Annual Meeting.
- 5John P. Jones, a current director, elected as the new non-executive Chairman.
- 6John P. Jones's term as non-executive Chairman begins upon Mr. Brun's retirement after the 2015 Annual Meeting.