CBIZ appoints Seth Goldblum as national leader of advisory services

CLEVELAND - CBIZ, Inc. (NYSE: CBZ), a $3.66 billion professional services firm that has delivered a 32% revenue growth over the last twelve months, has appointed Seth Goldblum as National Leader of Advisory Services effective June 1, 2025, according to a company press release. Goldblum replaces Tom Bonney in this position. According to InvestingPro data, analysts have set price targets between $92-$98 for the stock, which currently trades at $68.44.

Goldblum, who joined CBIZ in 2017 through the acquisition of CMF Associates, brings over 30 years of experience to the role. Since January 2020, he has led the company’s Private Equity Advisory practice, which was formed following the CMF acquisition. The appointment comes as InvestingPro analysis shows CBIZ maintaining strong financial health with expected net income growth this year.

Prior to joining CBIZ, Goldblum held executive leadership positions including Chief Financial Officer and Chief Operations Officer at Vertical Screen, Inc., and Chief Financial Officer and Vice President of Corporate Development at DigiHut, Inc. He also previously served in senior management roles at Deloitte.

"Seth’s leadership, both within CBIZ and across his 30-plus year career, uniquely positions him to lead our Advisory practice into its next chapter of growth and impact," said Chris Spurio, President of CBIZ Financial Services, in the statement.

CBIZ Advisory Services provides solutions in areas including private equity advisory, risk management and compliance, forensic consulting and litigation, financial accounting and advisory, and valuation services.

Goldblum will continue to serve as the National Industry Leader for Private Equity across CBIZ while assuming his new responsibilities.

CBIZ employs more than 10,000 people across over 160 locations in 22 markets nationwide, providing services in accounting, tax, advisory, benefits, insurance, and technology. Want deeper insights into CBIZ’s financial health and growth prospects? InvestingPro offers exclusive access to detailed financial analysis and 8 additional key ProTips for informed investment decisions.

In other recent news, CBIZ Inc reported its first-quarter earnings for 2025, exceeding analyst expectations with an adjusted earnings per share (EPS) of $2.29, surpassing the forecasted $2.11. However, the company’s revenue fell short, totaling $838 million against the anticipated $859 million. Despite the earnings beat, the revenue miss led to investor concerns. CBIZ maintained its adjusted EBITDA and EPS guidance for the year, showing confidence in its strategic initiatives. The company revised its full-year revenue guidance to a range of $2.8 to $2.95 billion, slightly below previous expectations. In terms of strategic focus, CBIZ plans to enhance technology integration and operational efficiencies while exploring share repurchases and strategic opportunities. The company’s Financial Services segment saw a significant 92% rise in revenue, though overall revenue growth was not enough to meet market expectations. CBIZ continues to face economic and geopolitical uncertainties impacting market conditions, with integration costs for 2025 estimated at approximately $75 million.

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