TODAY'S PAPER

Broadridge Financial Solutions announces Timothy Gokey will become new CEO on Jan. 2

Timothy C. Gokey and Richard J. Daly of Broadridge Financial Solutions Inc. Photo Credit: Broadridge Financial Solutions Inc./JAKE CHESSUM

Broadridge Financial Solutions Inc. on Wednesday announced that Timothy C. Gokey will become CEO, succeeding Richard J. Daly, on Jan. 2.

The Lake Success-based public company, one of Long Island’s largest, said Daly, 65, would become executive chairman of the board of directors.

Gokey’s promotion comes a year after he was named company president. The 57-year-old joined Broadridge as...

To Continue...

Already a Newsday subscriber ?

Get unlimited digital access $1 for 4 Weeks

$0.99/Week Thereafter

Broadridge Financial Solutions Inc. on Wednesday announced that Timothy C. Gokey will become CEO, succeeding Richard J. Daly, on Jan. 2.

The Lake Success-based public company, one of Long Island’s largest, said Daly, 65, would become executive chairman of the board of directors.

Gokey’s promotion comes a year after he was named company president. The 57-year-old joined Broadridge as chief corporate development officer in 2010 from tax preparer H&R Block, where he led its retail tax business.

advertisement

Broadridge delivers proxy statements, annual reports and other documents to investors on behalf of public companies and investment funds. It also tabulates shareholder votes and processes transactions for investment banks.

The company reported a profit of $428 million for the year ended June 30 on revenue of $4.3 billion. It has more than 10,000 employees in 16 countries, including about 1,800 in Lake Success and Edgewood.

Timothy C. Gokey will become CEO of Broadridge Financial Solutions, succeeding Richard J. Daly on Jan. 2.

“I am pleased to announce that, as part of a long-planned and well-orchestrated succession process, Tim Gokey will become the next chief executive officer of Broadridge,” Les Brun, chairman of the board of directors, said Wednesday. “Tim has been instrumental in creating and executing strategies that have driven significant growth for Broadridge...He is the right person to lead Broadridge into the future.”

Brun also praised Daly, who started the company’s core business, investor communications, in an East Northport bedroom in 1987. He has been CEO since 2007.

Daly said Gokey “has been an invaluable partner as together we have transformed Broadridge into a leading global fintech company” from one focused on delivering documents via postal mail. “I am confident that Tim will build on our strong momentum in the marketplace.”

Gokey said, “We will build on our position as a fintech and innovation leader by continuing to invest for the long term in our technology platforms, broaden our product set and deliver network value to our clients.”

Last year, the company announced plans to invest $126 million in its Suffolk County factories and to add 262 jobs over the next five years as part of a modernization effort. It also will invest $22 million in its offices in Lake Success, Manhattan and White Plains and hire about 100 additional people between the three sites.

advertisement

Suffolk County and New York State provided tax breaks to support the improvements.

Gokey studied at Oxford University as a Rhodes Scholar after receiving a bachelor’s degree in engineering and public affairs from Princeton University. Besides H&R Block, he has worked at McKinsey and Co. consultants, leading its North American financial services sales and marketing practice. He has been Broadridge’s chief operating officer since 2012.

Broadridge shares rose 11 cents Wednesday, or less than 1 percent, to $136.82 on the New York Stock Exchange. A year ago, the shares closed at $78.35, adjusted for splits and dividends.