Automatic Data Processing

Leadership continuity is solid. Maria Black, a long‑tenured operator, became CEO in 2023 and is leaning into product modernization and AI (Assist, Lyric). Peter Hadley, previously Treasurer with deep knowledge of client funds and capital markets, became CFO effective July 1, 2025, providing experienced stewardship of the float and balance sheet.

Execution on FY25 targets and clear FY26 guidance reflect disciplined, shareholder‑minded management. Potential watch items include ongoing service experience in SMB/mid‑market and maintaining innovation velocity against next‑gen competitors.