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Paychex Inc (PAYX.OQ)

PAYX.OQ on NASDAQ Stock Exchange Global Select Market

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13 Dec 2017
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Summary

Name Age Since Current Position

B. Thomas Golisano

75 2015 Non-Independent Chairman of the Board

Martin Mucci

57 2015 President, Chief Executive Officer, Non-Independent Director

Efrain Rivera

60 2011 Chief Financial Officer, Senior Vice President, Treasurer

Mark Bottini

56 2011 Senior Vice President - Sales

John Gibson

51 2013 Senior Vice President - Service

Michael Gioja

59 2011 Senior Vice President - Information Technology, Product Management and Development

Jennifer Vossler

54 2009 Vice President, Controller

Laurie Zaucha

52 2011 Vice President - Human Resources and Organizational Development

Stephanie Schaeffer

47 2011 Chief Legal Officer, Vice President, Corporate Secretary

Joseph Tucci

70 2015 Lead Independent Director

Thomas Bonadio

68 2017 Independent Director

Joseph Doody

65 2010 Independent Director

David Flaschen

61 1999 Independent Director

Phillip Horsley

78 2011 Independent Director

Grant Inman

75 1983 Independent Director

Joseph Velli

58 2007 Independent Director

Kara Wilson

47 2017 Independent Director

Terri Allen

2012 IR Contact

Biographies

Name Description

B. Thomas Golisano

Mr. B. Thomas Golisano is Non-Independent Chairman of the Board of the Company. Mr. Golisano founded Paychex in 1971 and is Chairman of the Board of the Company. He served as President and Chief Executive Officer (“CEO”) of the Company until October 2004. He serves on the board of trustees of the Rochester Institute of Technology. Mr. Golisano serves as a director of numerous non-profit organizations and private companies, and is founder and member of the board of trustees of the B. Thomas Golisano Foundation.

Martin Mucci

Mr. Martin Mucci is President, Chief Executive Officer, Non-Independent Director of the Company. Mr. Mucci joined the Company in 2002 as Senior Vice President, Operations. Prior to joining Paychex, he held senior level positions with Frontier Communications of Rochester, a telecommunications company, including President of Telephone Operations and Chief Executive Officer of Frontier Telephone of Rochester, during his 20-year career. Mr. Mucci was a director of Cbeyond, Inc. until it was purchased by Birch Communications in July 2014. He is a member of the Upstate New York Regional Advisory Board of the Federal Reserve Bank of New York and is a Trustee Emeritus of St. John Fisher College. He also serves as a director of the Company and is chairman of the Executive Committee.

Efrain Rivera

Mr. Efrain Rivera is a Chief Financial Officer, Senior Vice President, Treasurer of the Company. Prior to joining the Company, Mr. Rivera served as Vice President of Finance and Administration for Houghton College from 2009 to 2011. He previously served for over twenty years with Bausch & Lomb Incorporated, a world leader in the development, manufacture, and marketing of eye health products, most recently as Corporate Vice President and Chief Financial Officer from 2007 to 2009.

Mark Bottini

Mr. Mark A. Bottini is Senior Vice President - Sales of the Company. Mr. Bottini joined Paychex in October 2011 as Senior Vice President of Sales. From 2008 to 2011, Mr. Bottini served as Vice President of Sales for Ricoh, North America, a provider of advanced office technology and innovative document imaging products, services, and software. He assumed his most recent position with Ricoh when Ricoh acquired IKON Office Solutions, Inc. During his nearly 20 years with IKON, Mr. Bottini served in a variety of sales leadership and field management roles.

John Gibson

Mr. John B. Gibson is a Senior Vice President - Service of the Company. Prior to joining the Company, Mr. Gibson served as President and Chief Executive Officer for AlphaStaff, a national provider of human resource outsourcing services to small- and medium-sized businesses. Prior to joining AlphaStaff in 2010, Mr. Gibson was President of the HR Management Division of Convergys, a global leader in technology, outsourcing, and business services. From 2004 to 2007, he served as Senior Vice President of Global Operations and Client Services of Convergys.

Michael Gioja

Mr. Michael E. Gioja is Senior Vice President - Information Technology, Product Management and Development of the Company. Mr. Gioja has been with the Company since November 2008 as Vice President of Product Management, subsequently adding development and information technology to his responsibilities. Previously, he was Chief Information Officer and Executive Vice President of Products and Services for Workstream, Inc., a provider of on-demand enterprise talent management solutions and services.

Jennifer Vossler

Ms. Jennifer R. Vossler, CPA, is a Vice President, Controller of the Company. Prior to joining the Company, she served as Vice President and Corporate Controller, and held various executive and senior management positions during her eleven years at Bausch & Lomb Incorporated. Previously in her career, she held leadership roles with a global facilities management outsourcing company and a public accounting firm.

Laurie Zaucha

Ms. Laurie L. Zaucha is a Vice President - Human Resources and Organizational Development of the Company. Prior to joining the Company, she served as Senior Vice President of Human Resources for Paetec Holding Corp., a Fortune 1000 telecommunications company, from 2007 to 2011. From 2003 to 2007, she held various executive positions at Bausch & Lomb Incorporated.

Stephanie Schaeffer

Ms. Stephanie L. Schaeffer is Chief Legal Officer, Vice President, Corporate Secretary of the Company. She joined Paychex in 2000 as Corporate Counsel and was promoted to Director of Legal Affairs in 2004. In her current role, she is responsible for overseeing all of the Company's legal functions, including litigation, corporate governance, and regulatory matters.

Joseph Tucci

Mr. Joseph M. Tucci is Lead Independent Director of the Company. Mr. Tucci is the founder of GTY Technology Holdings Inc., a special purpose acquisitions company, and has been its Co-Chief Executive Officer and Co-Chairman since September 2016. He has been Chairman of Bridge Growth Partners, LLC, a private equity firm based in New York, since October 2016. Mr. Tucci was the former Chairman of the Board of Directors and CEO of EMC Corporation. He was EMC’s Chairman from January 2006 and CEO from January 2001 until September 2016, when Dell Technologies acquired the company. He was Chairman of the Board of Directors for VMWare, Inc. from 2007 through September 2016. He has served on the Board of Directors of Motorola Solutions, Inc. since May 2017, and serves on the boards of various academic and community organizations.

Thomas Bonadio

Mr. Thomas F. Bonadio, CPA serves as Independent Director of the Company. Mr. Bonadio is the founder of The Bonadio Group, the largest independent provider of accounting, business advisory, and financial services in New York State outside of Manhattan. Mr. Bonadio has experience serving on publicly traded boards and is currently a director and chair of the audit committee for CurAegis Technologies, formerly Torvec, Inc. He also previously served as a director and audit committee chair for Conceptus, Inc. which is now a wholly owned subsidiary of Bayer AH of Germany, until June 2013.

Joseph Doody

Mr. Joseph G. Doody is Independent Director of the Company. Mr. Doody has served as Vice Chairman of Staples, Inc., an office products company, since February 2014. Previously with Staples, Inc., he served as President, North American Commercial, from January 2013 until February 2014, and President, North American Delivery, from March 2002 to January 2013. Mr. Doody will be retiring from Staples, Inc. effective September 30, 2017. Mr. Doody has experience serving on other public boards, including Casella Waste Systems, Inc. and Virtusa Corporation, which he joined in February 2017. Mr. Doody is Chair of the Foundation Board at the College of Brockport.

David Flaschen

Mr. David J.S. Flaschen is Independent Director of the Company. Mr. Flaschen is an investor and advisor to a number of private companies providing business, marketing, and information services. Mr. Flaschen is also the co-founder of Tap Quality, LLC, which specializes in mobile and Internet lead generation for the solar energy industry, and Regrub, LLC, a Smashburger franchisee group in the United States (“U.S.”) From 2005 to 2011, he was a partner with Castanea Partners, a private equity investment firm. Mr. Flaschen is a director of various private companies and of Informa plc, a public company which is traded on the London Stock Exchange.

Phillip Horsley

Mr. Phillip Horsley is an Independent Director of the Company. Mr. Horsley is the founder of Horsley Bridge Partners, a leading manager of private equity investments for institutional clients. The firm was founded in 1983 and Mr. Horsley served there until his retirement in 2010.

Grant Inman

Mr. Grant M. Inman is an Independent Director of the Company. Mr. Inman is the founder and General Partner of Inman Investment Management, a private investment company formed in 1998. Mr. Inman is a trustee of the University of California, Berkeley Foundation and is also a director of several private companies. Mr. Inman was the independent lead director for Lam Research Corporation until November 2015.

Joseph Velli

Mr. Joseph Mark Velli is Independent Director of the Company. Mr. Velli previously served as Senior Executive Vice President of The Bank of New York and as a member of the Senior Policy Committee. During his 22-year tenure with The Bank of New York, Mr. Velli’s responsibilities included heading Global Issuer Services, Global Custody and related Investor Services, Global Liquidity Services, Pension and 401(k) Services, Consumer and Retail Banking, Correspondent Clearing, and Securities Services. Most recently, he served as Chairman and CEO of ConvergEx Group, LLC, a provider of brokerage, software products and technology services from 2006 to December 2013, and continued to serve on the ConvergEx Board until May 2014. From time to time, he also provides advisory services to private equity firms. Mr. Velli currently serves on the Board of Directors of Computershare Ltd. and he joined the Scivantage Board in January 2016. Mr. Velli served on the Board of Directors of E*TRADE Financial Corporation and E*TRADE Bank until October 2014. Mr. Velli was appointed to the board of trustees for William Paterson University in June 2017.

Kara Wilson

Ms. Kara Wilson serves as Independent Director of the Company. Ms. Wilson is Chief Marketing Officer at Rubrik, Inc., a cloud data management company, since June 2017. She has 20+ years experience in driving go-to-market strategies for large, medium, and hyper-growth start ups. She has held marketing leadership roles with some of the technology industry’s most influential companies, including Cisco, SAP, SuccessFactors, PeopleSoft/Oracle, Okta, and FireEye. Prior to Rubrik, Ms. Wilson was Executive Vice President and Chief Marketing Officer of cyber security company FireEye, where she helped launch the most successful security initial public offering in market history and was responsible for the company’s global marketing initiatives including corporate, product, and technical marketing, global communications, and field enablement. Ms. Wilson is a graduate of the University of California, Berkeley.

Terri Allen

Basic Compensation