Broadridge Appoints New CEO Tim Gokey to Board of Directors

Financial technology firm Broadridge Financial Solutions (Broadridge) announced on Friday that incoming company CEO Tim Gokey is going to be joining the Board of Directors.

“We are pleased to welcome Tim to the Broadridge Board of Directors. He has been a champion of our corporate culture and has a deep understanding of our clients,” said Les Brun, Broadridge’s Independent Chairman of the Board. “We look forward to Tim’s involvement and engagement with the Board as he has been instrumental in creating and executing strategies that have driven significant growth for Broadridge.”

Broadridge released a statement back in September confirming that Gokey would be the company’s new CEO. Gokey has been with Broadridge since 2010 and was working as Chief Corporate Development Officer prior to his promotion to the CEO position.

Broadridge set for change in early 2019

He is set to replace Rich Daly who will be taking up a new role as Executive Chairman of the Board. Daly has been CEO of Broadridge since it separated from Automatic Data Processing and became an independent company.

“I am also honored to be succeeding Rich Daly and delighted that he will remain at Broadridge as Executive Chairman,” said Gokey in September. “In his new role, Rich will lead the Board and support several important regulatory initiatives for which he has enormous passion, including digital and retail investor engagement.”

The changes at Broadridge will take place in the new year. Gokey’s appointment as CEO and his move to the board will both be in effect from the second of January in 2019.

Broadridge’s statement indicates that he will not receive any additional pay for his new role as a Board member. He will also not serve as a member of any of the company’s three standing board committees, which are comprised solely of independent directors.