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Alight Names Kausik Rajgopal to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) has appointed Kausik Rajgopal to its Board of Directors, effective March 17, 2023. This addition expands the board from 8 to 10 members, aligning with Alight's objective to enhance board diversity and expertise. Rajgopal brings extensive experience from PayPal and McKinsey, particularly in HR and technology sectors. Chairman William P. Foley emphasized the value of diverse skills in driving company success. Alight continues to strengthen its leadership structure to support its commitment to delivering innovative human capital technology solutions across its global client base.
Positive
Appointment of Kausik Rajgopal enhances board diversity and expertise.
Rajgopal's extensive experience in HR and technology from PayPal and McKinsey.
Expansion of the board from 8 to 10 members reflects Alight's evolving operational model.
Negative
None.
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has named Kausik Rajgopal to its Board of Directors, effective March 17, 2023.
The addition of Mr. Rajgopal, together with the previous appointment of Denise Williams, came as Alight expanded the size of the board from 8 to 10 members earlier this year. These changes reflect the continued evolution of Alight’s operating model as a public company, which include Alight’s commitment to creating a Board with a diversity of experience and perspectives, including diversity with respect to race, gender, geography, and areas of expertise.
“A Board with a broad set of talents, perspectives and expertise is critical to a company’s success,” said William P. Foley, chairman of Alight, Inc. “Kausik’s blend of experience across HR, technology, payments and financial services will be an incredible asset to Alight’s already impressive Board.”
Currently, Mr. Rajgopal serves as executive vice president, People & Sourcing at PayPal Holdings Inc. where he leads the company’s global Human Resources, Procurement, Real Estate, and Payments Markets & Partnerships teams. Before joining PayPal, Mr. Rajgopal served as a senior partner with McKinsey & Company, leading the development of high-performing human resources, procurement and other functions for global companies across industries and sectors. Over the last decade, he played several leadership roles at McKinsey, including serving as the global lead for the Payments practice and as managing partner for the San Francisco and Silicon Valley offices and for the Western U.S. region. Most recently, he was the firm’s co-managing partner for the United States, where he was responsible for client service across all industry sectors as well as people initiatives.
Mr. Rajgopal serves as Chair of the Board and executive committee of the Bay Area Council and serves as Vice Chair of the Stanford Graduate School of Business Advisory Council. He holds undergraduate degrees in Industrial Engineering and Political Science, as well as an MBA from Stanford University.
About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth, and wellbeing decisions for 36 million people and dependents. Our Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions. Learn how Alight unlocks growth for organizations of all sizes at alight.com.
Who has been appointed to Alight's board of directors?
Kausik Rajgopal has been appointed to Alight's board of directors, effective March 17, 2023.
What changes were made to Alight's board composition?
Alight expanded its board from 8 to 10 members, including the appointments of Kausik Rajgopal and Denise Williams.
What is Kausik Rajgopal's background?
Kausik Rajgopal served as executive vice president at PayPal and held leadership roles with McKinsey & Company, focusing on HR and technology.
What is the significance of board diversity for Alight?
Board diversity brings a range of experiences and perspectives, which is vital for the company's success.
What is Alight's main business focus?
Alight is a cloud-based human capital technology and services provider that supports health, wealth, and wellbeing decisions for individuals and organizations.
