Broadridge Financial Solutions, a provider of business intelligence for the asset management industry, announced today that as of January 2, 2019, Tim Gokey will become the Chief Executive Officer of the firm.
Gokey is the current Chief Operating Officer and will be replacing Rich Daly in January. Daly will then take on the role of Executive Chairman of the Board. The firm’s current independent Chairman of the Board, Les Brun, will move to the position of Lead Independent Director.
Commenting on the moves, Brun said: “On behalf of the Board, 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.
Tim has been instrumental in creating and executing strategies that have driven significant growth for Broadridge over the past eight years, and he is the right person to lead Broadridge into the future.
I am also pleased that Rich Daly will remain actively involved as Executive Chairman. Rich founded our Investor Communications business and has been CEO since Broadridge became an independent company in 2007. We’re fortunate to be able to continue to benefit from his deep knowledge and passion.”
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Tim Gokey’s extensive career
57-year-old Gokey joined Broadridge in 2010. He is a veteran in the financial industry with more than three decades’ worth of experience. Initially, Gokey joined the team to lead the firm’s growth initiatives. In 2012, he received a promotion to Chief Operating Officer and in August of 2017, he became President.
During his time with the company, Gokey has been responsible for the expansion of Broadridge’s potential through investments. According to the statement released by the company, this has helped position the firm as a global leader in fintech.
Before Broadridge, Gokey worked at H&R Block from 2004 until 2009. Here he was the president of the firm’s retail tax business. Prior to this, Gokey worked at McKinsey and Company from 1986 until 2004.
Speaking on his new position, Gokey added: “I am both humbled and excited to lead Broadridge on its next stage of growth. Broadridge’s more than 10,000 associates deliver exceptional client outcomes every day. Together, we have a tremendous market opportunity to help our clients drive results while continuing to deliver top quartile total shareholder returns through disciplined capital allocation and a long-term focus.
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.”