Kevin McVeigh's questions to Alight Inc (ALIT) leadership • Q3 2024
Question
Kevin McVeigh inquired about the timing of the COBRA headwind runoff and whether the recent major client wins like Siemens, Nokia, and HP were influenced by the new CEO's efforts or if they were new logos.
Answer
CFO Jeremy Heaton clarified that the COBRA headwind was largely a Q3 2024 event with a minor tail in Q4. CEO David Guilmette stated that the client wins were the result of the commercial team's long-term efforts preceding his arrival and confirmed they were new logos.