ADP Announces CFO Transition

Rhea-AI Summary

ADP has announced a significant leadership transition as Peter Hadley, the company's current Treasurer, will become Chief Financial Officer effective July 1, 2025. Hadley will succeed Don McGuire, who has served as CFO since 2021.

Hadley, 52, brings over 20 years of experience with ADP, having joined in 2002. His extensive background includes serving as Corporate Vice President and Treasurer since 2022, President of Asia Pacific operations, and CFO for Global Enterprise Solutions. He holds a Master of Applied Finance and is a qualified Chartered Accountant.

The transition will be managed carefully, with McGuire remaining available through September 30, 2025. In his new role, Hadley will report directly to Maria Black, President and CEO of ADP. The appointment aims to support ADP's next growth phase in the human capital management (HCM) solutions sector.

Positive

• Internal promotion demonstrates strong succession planning and organizational stability
• New CFO brings extensive international experience, particularly in Asia-Pacific markets
• Incoming CFO has 23 years of company experience with progressive leadership roles
• Seamless transition period planned with outgoing CFO remaining available through September

Negative

• Loss of experienced CFO Don McGuire who helped shape ADP into a global HCM leader
• Potential disruption in financial strategy during leadership transition

Insights

Financial Leadership Expert

ADP's orderly CFO succession promotes insider Peter Hadley, signaling financial continuity with global operational perspective after McGuire's four-year tenure.

ADP has announced a carefully structured CFO transition, with 23-year company veteran Peter Hadley taking the reins from Don McGuire effective July 1, 2025. This internal promotion represents a thoughtful succession approach, with a three-month overlap period as McGuire remains available through September 30 to ensure knowledge transfer.

Hadley brings a unique combination of financial and operational leadership credentials to the role. His current position as Treasurer has given him direct oversight of ADP's capital structure, client funds investment portfolio, and investor relations - all critical financial functions for a company that manages substantial client funds as part of its business model. His previous experiences as President of ADP's Asia-Pacific region and CFO for international divisions provide him with valuable operational perspective and global market understanding.

The timing of this transition aligns with ADP's fiscal year boundary, allowing for clean financial handoffs. The announcement several months ahead of the actual transition date demonstrates proper succession planning rather than a reactive change. The orderly nature of this transition and selection of a deeply experienced internal candidate suggests continuity in financial strategy rather than a significant directional shift.

For a company like ADP that operates in the stable but competitive human capital management sector, this type of measured leadership transition helps maintain operational momentum while potentially bringing fresh perspectives from Hadley's global operational background.

ROSELAND, N.J., April 30, 2025 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced that Peter Hadley, ADP's Treasurer, has been appointed Chief Financial Officer, effective July 1, 2025. He succeeds Don McGuire, who has served as CFO since 2021. To ensure a seamless transition, Mr. McGuire will remain available through September 30, 2025. Mr. Hadley will report directly to Maria Black, President and Chief Executive Officer of ADP.

Mr. Hadley, 52, joined ADP in 2002 and has held increasingly senior executive leadership positions since that time. Since 2022, he has served as Corporate Vice President and Treasurer of ADP, with responsibilities for overseeing ADP's capital structure, client funds investment portfolio, funding of global operations, capital markets activities, investor relations and corporate insurance programs. In 2017, Mr. Hadley was appointed President – Asia Pacific, where he had responsibility for ADP's business operations, strategy, and business development activities in the Asia-Pacific region. Prior to this role, he served as CFO for ADP's Global Enterprise Solutions and Employer Services International. Before joining ADP, Mr. Hadley held various roles at KPMG in the United Kingdom and Arthur Andersen in Australia. He holds a Master of Applied Finance from the Financial Services Institute of Australia and a Bachelor of Economics from the University of Sydney. Mr. Hadley is also a qualified Chartered Accountant with the Institute of Chartered Accountants in Australia.

"Peter has held leadership roles in both finance and operations for ADP throughout the world, providing him with extensive knowledge of our business and the industry," said Maria Black, President and Chief Executive Officer. "Peter has been instrumental in ADP's growth, particularly internationally, and his deep financial expertise, strategic approach, and strong leadership qualities make him the perfect choice to lead our global finance organization and support the next chapter of ADP's growth."

Mr. Hadley said, "I am honored to assume this role and look forward to maintaining our commitment to driving sustainable, long-term growth and shareholder value as we help our clients navigate the changing world of work."

Ms. Black continued, "On behalf of all of us at ADP, I want to thank Don for his dedicated service as CFO and the lasting contributions he has made to ADP. During his tenure, he not only built an accomplished finance organization but also helped shape our business into the global HCM leader it is today."

About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright © 2025 ADP, Inc. All rights reserved.

ADP-Investor Relations

Investor Relations Contacts:
Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com 

Rebecca Koar
203.882.7313
Rebecca.Koar@adp.com 

ADP-Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com 

 

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SOURCE ADP - IR

FAQ

When will Peter Hadley become CFO of ADP (NASDAQ: ADP)?

Peter Hadley will become CFO of ADP effective July 1, 2025, succeeding Don McGuire who has served as CFO since 2021.

What is Peter Hadley's background and experience at ADP?

Peter Hadley joined ADP in 2002 and has served as Corporate VP and Treasurer since 2022. He previously was President of Asia Pacific and CFO for Global Enterprise Solutions. He holds a Master of Applied Finance and Bachelor of Economics.

How long will Don McGuire stay at ADP after the CFO transition?

Don McGuire will remain available through September 30, 2025, to ensure a smooth transition after Peter Hadley takes over as CFO on July 1, 2025.

What are Peter Hadley's current responsibilities as ADP Treasurer?

As Treasurer, Hadley oversees ADP's capital structure, client funds investment portfolio, funding of global operations, capital markets activities, investor relations and corporate insurance programs.

Who will Peter Hadley report to as the new CFO of ADP?

Peter Hadley will report directly to Maria Black, who serves as President and Chief Executive Officer of ADP.