Daily News

View All News

Paychex CEO to leave

July 12, 2010

Paychex Inc. (NASD: PAYX) President and CEO Jonathan Judge will step down July 31 to pursue other interests, the company announced today.

A search is on for a replacement. In the interim, an executive committee will run the company. Committee members include Delbert Humenik, senior VP of sales and marketing; John Morphy, CFO; and Martin Mucci, senior VP of operations.

Chairman B. Thomas Golisano and the rest of the board will oversee the committee.

Judge was only the company's second president and CEO. He joined Paychex in October 2004.

Rochester NY-based Paychex provides payroll processing, other services and operates a professional employer organization division.

The company had revenue of $2.00 billion in its fiscal year ended May 31, 2010.