Broadridge Financial Solutions names new president

Broadridge Financial Solutions Inc., Long Island’s second-largest public company by revenue, announced the appointment of a new president on Wednesday.

Chris Perry, who leads Broadridge’s sales, marketing and client solutions group as senior vice president, will become president, effective March 2. He succeeds Timothy C. Gokey, who will remain CEO.

Gokey, 58, was appointed president in 2017, when company founder Richard J. Daly relinquished the title as part of a leadership succession. Daly retired as CEO a year ago and now serves as executive board chairman.

Of his promotion, Perry, 57, said, "It is not a leadership transition at all. Tim and I are reasonably close in age. His tenure as CEO has many years to go."

Perry continued, "I'm the sales guy. I'm a leverage tool for Tim Gokey, to ensure he can get all the strategic things and operational things done that he needs to get done."

Broadridge delivers billions of documents to shareholders each year and processes trillions of dollars in stock trades each day. The company has its headquarters in Lake Success and processing facilities in Edgewood, where about 2,300 people work.

Broadridge reported a profit of $482 million in the year ended June 2019 on revenue of $4.4 billion.

Executives said Wednesday that Perry would add to his current responsibilities by overseeing Broadridge’s business outside of the United States and its growth strategy.

Gokey said Perry “has been the driving force behind Broadridge’s record sales growth over the past six years.”

Perry joined Broadridge in 2014 from news and information provider Thomson Reuters, where he was managing director of risk in the financial and risk division. He also spent four years as president of the Canadian company’s Americas division.

Perry said Wednesday he hopes to increase the share of Broadridge's annual revenue that comes from outside of North America, from 10% to 20%. He said Britain's departure from the European Union creates business opportunities in Britain, Ireland, France and Germany. He said Broadridge will also pursue sales in Japan, Australia and Singapore. 

Perry lives in Morristown, New Jersey, and will work from Broadridge’s Manhattan office. However, he said the location of his office isn't a sign that Broadridge plans to exit Long Island.

"Our roots are so deeply planted in Long Island ... Thousands of our people live there and work there every day," Perry said in an interview. "There are lots of choices about where to be and we choose to be there. We have no intentions of any displacement or movement." 

Broadridge shares closed up $3.36, or 3%, to $120.70 on the New York Stock Exchange on Wednesday.

By James T. Madore

james.madore@newsday.comJamesTMadore

James T. Madore writes about Long Island business news including the economy, development, and the relationship between government and business. He previously served as Albany bureau chief.