ADP names Peter Hadley as new CFO starting July 2025

ROSELAND, N.J. - ADP (NASDAQ:ADP), a prominent provider of human capital management solutions with a market capitalization of $120.3 billion and an impressive gross profit margin of 48.2%, today announced a change in its financial leadership with Peter Hadley set to become the new Chief Financial Officer effective July 1, 2025. According to InvestingPro analysis, ADP currently trades above its Fair Value, reflecting strong market confidence in its business model. He will be succeeding Don McGuire, who has held the position since 2021 and will aid in the transition until September 30, 2025.

Hadley, who has been with ADP since 2002, brings to the role a wealth of experience within the company, having served in various senior executive positions. As of 2022, he has been the Corporate Vice President and Treasurer, managing significant aspects of ADP’s financial operations, including its capital structure and investment portfolio.

Maria Black, President and CEO of ADP, praised Hadley’s extensive knowledge of the company’s operations and his role in driving its international growth. She expressed confidence in his ability to lead the global finance organization and support ADP’s continued expansion.

In his statement, Hadley expressed his commitment to driving sustainable, long-term growth and creating shareholder value. He emphasized the importance of supporting ADP’s clients in the evolving work environment.

The company also acknowledged the contributions of outgoing CFO Don McGuire, who has been credited with developing a proficient finance organization and shaping ADP into a global leader in human capital management.

This appointment comes as ADP continues to strive for innovation in its products and services, aiming to empower individuals and organizations to reach their full potential through its offerings in HR, talent, time management, benefits, and payroll.

The information for this report is based on a press release statement from ADP.

In other recent news, Automatic Data Processing Inc. (ADP) reported its second-quarter fiscal 2025 earnings, showcasing an 8% increase in revenue year-over-year, which surpassed analysts’ expectations. The company’s adjusted earnings per share (EPS) rose by 10%, slightly exceeding forecasts, while Employer Services achieved record new business bookings. ADP maintained its full-year guidance for consolidated revenue growth of 6-7% and adjusted EPS growth of 7-9%, despite anticipating some softness in the third quarter. The company also announced a strategic partnership with Fiserv, aiming to integrate Fiserv’s Clover platform with ADP’s Run solution. In other developments, RBC Capital Markets maintained its Sector Perform rating for ADP, with a price target of $315, noting potential revenue acceleration in the fourth quarter of FY25. Additionally, the ADP National Employment Report revealed that the U.S. private sector added 155,000 jobs in March, with annual pay rising 4.6% compared to the previous year. Manufacturing sectors showed strong job gains, while the construction sector experienced a slowdown in hiring.

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