Broadridge's John Hogan resigns as president
John Hogan's resignation as president and chief operating officer of Broadridge Financial Solutions in Lake Success will be effective Dec. 31. (Jan. 10, 2012) Credit: Newsday / Audrey C. Tiernan
Broadridge Financial Solutions Inc., a provider of shareholder communications based in Lake Success, said Friday its president had resigned.
The company said in a filing with the U.S. Securities and Exchange Commission that its board had accepted the resignation Thursday of John Hogan, effective Dec. 31.
The filing said Hogan would "continue to be employed by the company in the non-officer role of Senior Managing Director of Broadridge Technology" and that the company's CEO, Richard J. Daly, 60, will take over as president Jan. 1.
The filing gave no reason for the changes, but the company said in a statement later it was "pleased that he [Hogan] has decided not to retire and that he will continue making valuable contributions to Broadridge."
The 50-year-old publicly-traded company employs about 6,400 people worldwide, including about 1,700 on Long Island. It provides proxy services for more than 90 percent of public companies and mutual funds in North America, by printing the voting forms for shareholders and distributing, collecting and tabulating them.
The company's shares were at $31.16 Friday in after hours trading.
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