CBIZ APPOINTS BRAD LAKHIA AS NEXT CHIEF FINANCIAL OFFICER
CBIZ has appointed Brad Lakhia as its next Senior Vice President and Chief Financial Officer, effective March 17, 2025. Lakhia will succeed Ware H. Grove, who is retiring after 24 years in the role. Lakhia brings nearly 30 years of experience in finance leadership, including roles at OPENLANE and Goodyear Tire & Rubber Company. His expertise spans capital markets, M&A, treasury, financial planning, and operational finance. The transition comes after CBIZ's recent acquisition of Marcum, which was the largest transaction in the company's history.
CBIZ ha nominato Brad Lakhia come suo prossimo Vicepresidente Senior e Direttore Finanziario, con effetto dal 17 marzo 2025. Lakhia succederà a Ware H. Grove, che si ritira dopo 24 anni in questo ruolo. Lakhia porta con sé quasi 30 anni di esperienza nella leadership finanziaria, inclusi ruoli in OPENLANE e Goodyear Tire & Rubber Company. La sua esperienza copre mercati di capitale, fusioni e acquisizioni, tesoreria, pianificazione finanziaria e finanza operativa. Questa transizione avviene dopo l'acquisizione recente di Marcum da parte di CBIZ, che rappresenta la più grande operazione nella storia dell'azienda.
CBIZ ha nombrado a Brad Lakhia como su próximo Vicepresidente Senior y Director Financiero, con efecto a partir del 17 de marzo de 2025. Lakhia sucederá a Ware H. Grove, quien se jubila después de 24 años en el cargo. Lakhia aporta casi 30 años de experiencia en liderazgo financiero, incluidos roles en OPENLANE y Goodyear Tire & Rubber Company. Su experiencia abarca mercados de capital, fusiones y adquisiciones, tesorería, planificación financiera y finanzas operativas. La transición se produce después de la reciente adquisición de Marcum por parte de CBIZ, que fue la transacción más grande en la historia de la empresa.
CBIZ는 Brad Lakhia를 차기 수석 부사장兼 최고 재무 책임자로 임명했다고 발표했습니다. 임기는 2025년 3월 17일부터 시작됩니다. Lakhia는 24년간 이 역할을 맡아온 Ware H. Grove의 뒤를 잇게 됩니다. Lakhia는 OPENLANE 및 Goodyear Tire & Rubber Company에서의 경력을 포함하여, 재무 리더십에서 거의 30년의 경험을 가지고 있습니다. 그의 전문 분야는 자본 시장, M&A, 재무 자금, 재무 계획 및 운영 재무에 걸쳐 있습니다. 이번 전환은 CBIZ가 마르쿰을 인수한 후 이루어지며, 이는 회사 역사상 가장 큰 거래입니다.
CBIZ a nommé Brad Lakhia comme son prochain Vice-Président Senior et Directeur Financier, à compter du 17 mars 2025. Lakhia remplacera Ware H. Grove, qui part à la retraite après 24 ans de fonction. Lakhia apporte près de 30 ans d'expérience en leadership financier, avec des rôles chez OPENLANE et Goodyear Tire & Rubber Company. Son expertise couvre les marchés de capitaux, les fusions et acquisitions, la trésorerie, la planification financière et la finance opérationnelle. La transition intervient après l'acquisition récente de Marcum par CBIZ, qui est la plus grande transaction de l'histoire de l'entreprise.
CBIZ hat Brad Lakhia als seinen nächsten Senior Vice President und Chief Financial Officer ernannt, mit Wirkung zum 17. März 2025. Lakhia wird Ware H. Grove nachfolgen, der nach 24 Jahren im Amt in den Ruhestand geht. Lakhia bringt fast 30 Jahre Erfahrung in der Finanzleitung mit, unter anderem durch Tätigkeiten bei OPENLANE und Goodyear Tire & Rubber Company. Sein Fachwissen umfasst Kapitalmärkte, Fusionen und Übernahmen, Treasury, Finanzplanung und operative Finanzen. Der Übergang erfolgt nach der jüngsten Übernahme von Marcum durch CBIZ, die die größte Transaktion in der Unternehmensgeschichte darstellt.
- Appointment of experienced CFO with 30 years of financial leadership
- New CFO brings significant M&A and integration experience
- Planned, structured transition process indicates organizational stability
- Successfully completed largest acquisition in company history (Marcum)
- Departure of long-term CFO after 24 years could impact institutional knowledge
- Leadership transition period may create temporary operational adjustments
Lakhia will succeed Ware H. Grove, who is retiring after 24 years
Lakhia brings nearly 30 years of successful experience leading and developing teams within large, complex global companies across a broad array of critical finance disciplines including capital markets, multi-billion-dollar M&A and integration, treasury, financial planning and analysis, investor relations, and operational finance. This experience makes Lakhia an excellent fit to support CBIZ's continued growth. Most recently, Lakhia served as Executive Vice President and Chief Financial Officer of OPENLANE, Inc., a leading operator of digital marketplaces for wholesale used vehicles. Prior to that, he most recently served as Vice President of Finance for The Goodyear Tire & Rubber Company's Americas business segment where he gained over 20 years of combined finance leadership experience that included multiple international assignments. Lakhia holds a BSBA degree in accounting from The Ohio State University Fisher School of Business and an MBA from the Weatherhead School of Management at Case Western Reserve University.
"Brad brings impressive financial acumen and leadership abilities that will allow us to continue to build on our strong financial performance. His experience in M&A integration, treasury, capital markets, and operational finance will serve us well as we solidify our position as the unmatched full-service professional services advisor to the growing middle market," said Jerry Grisko, President and Chief Executive Officer of CBIZ.
"I am thrilled to be joining the CBIZ team and excited about the opportunities that lay ahead for the company and our industry," Lakhia said. "Now that CBIZ and Marcum have come together as one, CBIZ offers an unparalleled breadth of services and depth of expertise. I look forward to leading the finance team to support the continued growth and success of CBIZ. I am grateful to Ware for the lasting legacy he leaves and his commitment to ensuring a smooth transition."
"It has been a pleasure to work side by side with Ware, leading the organization through exponential growth," Grisko remarked. "He played an indispensable role in our recent acquisition of Marcum, the largest transaction in our history. I cannot overstate how much Ware means to CBIZ. I know I am joined by countless colleagues in thanking Ware for the indelible imprint he has made on CBIZ, our impressive performance, and our culture."
"Working with the CBIZ team over the years, we have achieved a remarkable track record of growth and increased shareholder value," Grove said. "Having closed the Marcum transaction, the company is in capable hands and this is a good time to step aside. I will be supporting a smooth transition in the coming months, and I look forward to seeing the continued success of CBIZ."
About CBIZ
CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle market businesses and organizations nationwide. With unmatched industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers forward-thinking insights and actionable solutions to help clients anticipate what's next and discover new ways to accelerate growth. CBIZ has more than 10,000 team members across more than 160 locations in 21 major markets coast to coast. For more information, visit www.cbiz.com.
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SOURCE CBIZ, Inc.
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