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    Maria Black

    President and CEO at Automatic Data Processing Inc
    Board
    Since January 1, 2023
    Age
    50 years
    Tenure
    Has been with ADP since 1996, serving in various leadership roles culminating in the current role as President and CEO.

    Also at Automatic Data Processing Inc

    CD
    Chris D'Ambrosio
    Chief Strategy Officer
    DM
    Don McGuire
    Chief Financial Officer (CFO)
    JD
    Joe DeSilva
    EVP, North America and Chief of Operations

    About

    This executive has played a pivotal role at one of the leading companies in the human capital management sector, consistently driving innovation and growth throughout a nearly three-decade career.

    Her professional journey at ADP is marked by a series of significant leadership roles in diverse business segments, ranging from general management in regional operations to overseeing comprehensive sales, marketing, and human resources outsourcing functions.

    While the detailed documents focus on her robust professional record, they do not provide additional insights into her personal background or educational achievements, thereby emphasizing her accomplishments and contributions within ADP.

    Her career narrative exemplifies transformational leadership in the modern corporate landscape and underscores a steadfast commitment to operational excellence, making her a notable figure in the industry.

    $ADP Performance Under Maria Black

    Past Roles

    OrganizationRoleDate RangeDetails
    ADP President of ADP January 2022 - December 2022 Former role prior to current CEO position
    ADP President, Worldwide Sales and Marketing February 2020 - December 2021 Former role
    ADP President, Small Business Solutions and Human Resources Outsourcing January 2017 - February 2020 Former role
    ADP President, ADP TotalSource July 2014 - December 2016 Former role
    ADP General Manager, ADP United Kingdom April 2013 - June 2014 Former role
    ADP General Manager, Employer Services - TotalSource Western Central Region January 2008 - March 2013 Former role

    External Roles

    OrganizationRoleDate RangeDetails
    Delta Air Lines, Inc. Director N/A N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,200,000 AnnualFixed annual base salary
    Pension Retirement PlanPresent Value: $196,935 AccruedYears of Credited Service: 25.05 years <br>Cash Balance: $249,015
    ADP Executive Retirement PlanContributions: $239,752 <br>Earnings: $35,580 <br>Aggregate Balance: $836,730 AnnualFixed component for retirement plan

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricValueDetailsCitation
    Revenue Growth6.9% Excluding foreign currency fluctuations
    New Business Bookings Growth7.3% N/A
    Adjusted EBIT Growth10.4% Excluding foreign currency fluctuations
    Threshold$0 Fixed threshold
    Target$2,400,000 Annual bonus target
    Maximum$4,800,000 Cap on bonus payouts

    Performance Stock Units (PSUs)

    MetricValueDetailsCitation
    Adjusted Net Income GrowthTarget per earnings guidance67% weight
    Revenue ex-ZMPT GrowthTarget per earnings guidance33% weight
    Relative Total Shareholder ReturnModifier up to ±20%Adjusts final payout based on performance relative to the S&P 500
    Threshold6,369 shares N/A
    Target12,739 shares N/A
    Maximum25,477 shares N/A
    Grant DateSeptember 1, 2023 N/A
    Grant Date Fair Value$3,599,947 N/A
    Grant Date Stock Price$238.69 per share Closing price on June 28, 2024 for valuation purposes
    Vesting Schedule3-year performance periodAwards issued after performance period (FY 2024-2026)

    Evaluation Period: Fiscal years 2024, 2025, and 2026.

    Note: Payouts for both components depend on achievement of the specified performance metrics and conditions as outlined in the documents.