01—Abstract
Summary
Summary of the 8-K filed May 9, 2024. Cited figures are marked; the original filing is the authoritative source.
Automatic Data Processing, Inc. (ADP) filed an 8-K on May 9, 2024, announcing a key executive change in its finance department.
Jonathan Lehberger has been appointed as the new Corporate Controller and principal accounting officer, effective July 1, 2024. This transition involves Mr. Lehberger succeeding Brock Albinson, who will be stepping down from the role on June 30, 2024. Mr. Lehberger brings extensive experience within ADP, having held various finance leadership positions since joining the company in 2004.
His recent roles include Senior Vice President of Financial Strategy and Planning, and CFO for Small Business Services and ADP Canada. This appointment signals continuity and internal promotion within ADP's financial leadership team, likely reassuring investors of a smooth handover and continued financial oversight.
02—Key points
Key Highlights
- Appointment of Jonathan Lehberger as Corporate Controller and Principal Accounting Officer, effective July 1, 2024.
- Brock Albinson will step down as Corporate Controller on June 30, 2024.
- Mr. Lehberger has a long tenure at ADP, joining in January 2004.
- Previous roles of Mr. Lehberger include Senior Vice President, Financial Strategy and Planning.
- Mr. Lehberger also served as CFO for Small Business Services and ADP Canada.
- This is an internal promotion, indicating leadership development within the company.
03—Questions
Frequently Asked Questions
Who is the new Corporate Controller at ADP?
Jonathan Lehberger has been appointed as the new Corporate Controller and will also serve as the Company's principal accounting officer, effective July 1, 2024.
Who is Jonathan Lehberger replacing?
He is replacing Brock Albinson, who will be stepping down from the role of Corporate Controller on June 30, 2024.
What is Jonathan Lehberger's background with ADP?
Mr. Lehberger has been with ADP since January 2004 and has held several senior finance positions, including Senior Vice President of Financial Strategy and Planning, and CFO for Small Business Services and ADP Canada.
Does this executive change impact ADP's financial reporting standards?
The filing indicates ADP is not an Emerging Growth Company and has not elected to not use the extended transition period for adopting new or revised accounting standards. Therefore, this change in personnel is not expected to alter ADP's adherence to current financial accounting standards.
04—Continue