Alight appoints new chief strategy officer

CHICAGO - Alight, Inc. (NYSE:ALIT), a prominent provider of cloud-based human capital and technology-enabled services, announced today the appointment of David Essary as its new Chief Strategy Officer. Essary is tasked with steering the company’s corporate strategy which encompasses mergers and acquisitions (M&A), product and partner strategy, and supporting commercial strategy efforts.

With a notable background in the health and benefits sector, Essary’s previous role was President of Allstate Health & Benefits, where he managed a $2.6 billion business segment and led digital transformation efforts. His entrepreneurial experience includes co-founding and leading ventures such as Accord Systems, LLC, and Zevo Benefits.

Alight’s CEO, Dave Guilmette, praised Essary’s track record, highlighting his ability to foster growth and innovation as critical to guiding Alight’s strategic direction and enhancing the company’s Alight Worklife® platform. Essary’s operational experience is expected to be key in Alight’s ongoing development as a technology-enabled services company.

Essary’s career has been marked by a focus on leveraging technology and strategic team-building to improve organizational outcomes. He expressed his commitment to Alight’s mission of delivering a Benefits Advantage and his enthusiasm for contributing to client and employee success through the Alight Worklife platform.

Alight Solutions serves a global clientele, including some of the world’s largest organizations, covering 35 million individuals and their dependents. The company’s services aim to unify the benefits ecosystem across various domains, including health, wealth, and absence management, to foster a healthy and financially secure workforce. The Alight Worklife platform is designed to provide employers with insights into their workforce, offering personalized benefits management that enhances employee wellbeing, engagement, and productivity. With annual revenue of $2.3 billion and a gross profit margin of 38%, the company maintains a solid market position. For deeper insights into Alight’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

This announcement is based on a press release statement from Alight Solutions.

In other recent news, Alight Inc. reported its first-quarter 2025 earnings, meeting expectations with an earnings per share (EPS) of $0.10 and slightly surpassing revenue forecasts with $548 million. This performance reflects Alight’s strong recurring revenue base, which accounted for 95% of total revenue, indicating financial stability. The company also reported an adjusted EBITDA of $118 million, which was at the high end of the guidance range. Following these results, DA Davidson reaffirmed its Buy rating on Alight with a price target of $10.00, highlighting confidence in the company’s future prospects. Analysts at DA Davidson noted that Alight’s first-quarter results exceeded their expectations in terms of total revenue and adjusted EBITDA by 2% and 3%, respectively. Alight’s management has also confirmed their financial guidance for the year 2025, projecting revenue between $2.32 billion and $2.39 billion. The company’s focus on innovation and cost reduction remains a priority, despite a cautious market environment. CEO Dave Gilmette emphasized Alight’s integrated Work Life platform and its role in driving AI and automation opportunities, while CFO Jeremy Heaton highlighted the company’s strong recurring revenue base tied to long-term contracts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.