Automatic Data Processing, Inc. (ADP, Financial) has announced significant changes in its leadership team. John C. Ayala, the company's Chief Operating Officer, will be stepping down from his role effective January 1, 2025. However, he will continue to serve as a corporate officer during a transition period until March 31, 2025.
In a strategic move, ADP has appointed Joseph DeSilva, currently the President of Global Sales, as the new Executive Vice President, North America and Chief of Operations. This change will also take effect on January 1, 2025. With this new role, Mr. DeSilva will see a 6.2% increase in his base salary, and his annual target bonus as a percentage of base salary will rise from 100% to 150%.
These leadership transitions are part of ADP's ongoing efforts to strengthen its operational framework and drive growth across North America. Investors and stakeholders will be keenly observing how these changes impact the company's strategic direction and performance in the coming months.
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