Stephanie Schaeffer to Retire as Vice President, Chief Legal & Ethics Officer, and Secretary of Paychex, Inc., Effective as of August 2, 2024
May 17, 2024 at 09:03 pm
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Paychex, Inc. announced that on May 16, 2024, Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary of the company notified the Board of Directors of the Company of her intention to retire effective as of August 2, 2024. Ms. Schaeffer will serve in her current role until a successor is appointed and then shall serve as a senior advisor to the Company to assist with transition on a full-time basis at her current base salary until her retirement date.
Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:
- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;
- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;
- fund management (2%).
All sales are in the United States.