Broadridge Financial Solutions has revealed that Tim Gokey, the company’s president and COO, will become the new CEO.
In addition, Rich Daly, the current CEO, has been appointed as the new executive chairman of the board, while Les Brun, Broadridge's independent chairman of the board, will become the lead independent director.
All moves will be effective 2 January 2019.
Gokey joined Broadridge in 2010 to lead the company's growth initiatives. He was named COO in 2012 and president in August last year.
Commenting on the appointment, Brun said: "On behalf of the board, I am pleased to announce that, as part of a long-planned and well-orchestrated succession process, Tim Gokey will become the next CEO of Broadridge.”
He added: "Gokey has been instrumental in creating and executing strategies that have driven significant growth for Broadridge over the past eight years, and he is the right person to lead Broadridge into the future.”
"I am also pleased that Rich Daly will remain actively involved as executive chairman. Daly founded our investor communications business and has been CEO since Broadridge became an independent company in 2007. We're fortunate to be able to continue to benefit from his deep knowledge and passion.”
Daly also commented: "Gokey is one of the most committed and capable leaders in fintech. He has a proven track record and has been an invaluable partner as together we have transformed Broadridge into a leading global fintech company.”
Gokey stated: "I am both humbled and excited to lead Broadridge on its next stage of growth.”
He added: "I am also honoured to be succeeding Daly and delighted that he will remain at Broadridge as executive chairman. In his new role, Daly will lead the board and support several important regulatory initiatives for which he has enormous passion, including digital and retail investor engagement."
