Fintech firm Broadridge Financial Solutions announced Wednesday that Tim Gokey, the firm’s president and chief operating officer, will become CEO, replacing Rich Daly, who will take on the role of executive chairman of the board.
The moves become effective on Jan. 2, 2019. Les Brun, Broadridge’s independent chairman of the board, will become the fintech firm’s lead independent director at that time.
Gokey said in a statement that he was “humbled and excited to lead Broadridge on its next stage of growth,” adding that the firm “will build on our position as a fintech and innovation leader by continuing to invest for the long term in our technology platforms, broaden our product set and deliver network value to our clients.”
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,” Gokey added.
Gokey, 57, joined Broadridge in 2010 to lead the company’s growth initiatives.
He was named chief operating officer in 2012 and president in August 2017, leading the development of the firm’s governance, capital markets and wealth management businesses.
Gokey was also responsible for the expansion of Broadridge’s capabilities through “organic investments and tuck-in acquisitions that have positioned Broadridge as a global fintech leader,” the firm said.
Since going public in 2007, Broadridge has significantly enhanced its solution set, technology platforms and global reach, growing from 4,000 to more than 10,000 associates; its revenues have more than doubled to $4.3 billion.
The company was added to the S&P 500 in June 2018.
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