NEW YORK, NY -- (MARKET WIRE) -- 04/12/07 --
The Board of Directors of Broadridge Financial
Solutions, Inc. (NYSE: BR) has appointed John Hogan to the position of
President of Broadridge, CEO Rich Daly announced today. This promotion,
which is in addition to his role as Chief Operating Officer, recognizes
John's critical role, his strong leadership and his high level of
responsibility across all facets of Broadridge's business.
Before assuming the role of Chief Operating Officer of Broadridge, John was
Division Co-President of the Brokerage Services Group of Automatic Data
Processing, Inc. (NYSE: ADP), the business that was spun off by ADP on
March 30, 2007 to create Broadridge. In that role, John was the architect
of Broadridge's entry into the clearing and outsourcing businesses, which
allowed Broadridge to create a new strategy that enables it to offer any
brokerage firm, regardless of size, the appropriate range of outsourcing
services to best meet its individual needs on one technology platform --
service bureau, full business process outsourcing, or correspondent
clearing. Prior to his role as Division President, he was Senior Vice
President/COO of ADP's Investor Communication Services Division, now known
as Broadridge Investor Communication Solutions.
Commenting on the appointment, Mr. Daly stated, "John is a proven leader in
every aspect of the brokerage processing industry -- regulatory, technology
and operations. He has a demonstrated record of success in inspiring people
and enabling organizations to achieve their full potential. On a more
personal note, I have worked with John for many years in multiple
capacities and I could not be happier about this well deserved
recognition."
About Broadridge
Broadridge is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. Broadridge offers a broad, integrated
suite of innovative global solutions across the investment lifecycle and
provides a wide range of cost-effective and scalable solutions to the
financial industry. Our systems help reduce the need for clients to make
significant capital investments in operations infrastructure, thereby
allowing them to increase their focus on core business activities. For more
information about Broadridge, please visit www.broadridge.com.
Forward-Looking Statements
This release and other written or oral statements made from time to time by
representatives of Broadridge may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Statements that are not historical in nature and which may be identified by
the use of words like "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could be" and other words of similar meaning,
are forward-looking statements. These statements are based on management's
expectations and assumptions and are subject to risks and uncertainties
that may cause actual results to differ materially from those expressed.
Factors that could cause actual results to differ materially from those
contemplated by the forward-looking statements include: the impact of
Broadridge's separation from ADP on the clients, employees and other
aspects of Broadridge's business; Broadridge's cost structure and capital
structure as a stand-alone company, including its credit ratings and
indebtedness; Broadridge's success in obtaining, retaining and selling
additional services to clients; the pricing of products and services;
changes in laws regulating registered clearing agencies and broker-dealers;
overall market and economic conditions; competitive conditions; financial
market activity; changes in technology; availability of skilled technical
employees and the impact of new acquisitions and divestitures. Broadridge
disclaims any obligation to update any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact:
Investor Relations:
Marvin Sims
Broadridge
(212) 981-1427
Email Contact
Media:
Dorothy Friedman
Broadridge
(212) 918-6920
Email Contact