CBIZ Appoints Six National Industry Leaders to Ensure Delivery of Tailored Expertise to Clients

Rhea-AI Summary

CBIZ (NYSE: CBZ) has appointed six new national industry leaders, effective Feb. 1, 2025, as part of its integration with Marcum following their November 2024 merger. The appointments include: Michael Brooder (Technology & Life Sciences), Doug Fahrnow (Professional Services), Seth Goldblum (Private Equity), Julie Jones (Not-For-Profit & Higher Education), Michael Sacco (Consumer & Industrial Products), and Abe Schlisselfeld (Real Estate).

Each leader brings extensive experience in their respective fields, with expertise ranging from 20-30 years. The appointments demonstrate CBIZ's commitment to industry specialization and aim to enhance client service delivery through focused expertise. CEO Jerry Grisko emphasized that these appointments will create an unmatched level of industry expertise for serving clients.

Positive

• Strategic strengthening of leadership team with industry specialists
• Enhanced industry-specific expertise across six key sectors
• Integration progress with Marcum acquisition showing concrete steps

Negative

• None.

CLEVELAND--(BUSINESS WIRE)-- CBIZ, Inc. (NYSE: CBZ), a leading national professional services advisor, today announced the appointment of six new national industry leaders, marking a significant milestone in the ongoing integration of Marcum, which became part of CBIZ in November 2024. These appointments, effective Feb. 1, 2025, reinforce CBIZ’s commitment to industry specialization and delivering tailored expertise to clients.

The newly appointed leaders and their respective industries are:

• Michael Brooder – Technology & Life Sciences
• Doug Fahrnow – Professional Services
• Seth Goldblum – Private Equity
• Julie Jones – Not-For-Profit & Higher Education
• Michael Sacco – Consumer & Industrial Products
• Abe Schlisselfeld – Real Estate

“This is a major step in bringing our teams together to create an unmatched level of industry expertise that we can bring to bear when serving our clients,” said Jerry Grisko, President and CEO of CBIZ. “Each of these leaders is uniquely qualified to advise clients, as well as our internal teams, on the opportunities and trends in their respective industries with their deep subject matter expertise.”

Leader Bios

Michael Brooder – Technology & Life Sciences

Michael Brooder is a Managing Director in Hartford, Conn. Brooder has more than 30 years of experience reviewing and analyzing financial data for privately held and publicly traded companies in the technology and life sciences industry. He works with clients throughout their lifecycle from innovative emerging growth companies to public companies with his vision focused on finding the next disruptive technology or medical advancement. He has extensive experience with reporting requirements for publicly traded companies, including registration statements and 10-Q and 10-K forms.

Doug Fahrnow – Professional Services

Doug Fahrnow, a Managing Director in Indianapolis, has extensive experience in professional services, including professional employer organizations (PEOs) and consulting firms. As a leader at CBIZ, Fahrnow understands the importance of strong communication skills, critical thinking, data analysis and succession planning. In addition to the core services he provides, Fahrnow has a strong background in business acquisitions, profitability consulting and managing financial restructuring scenarios.

Seth Goldblum – Private Equity

Based in Philadelphia, Seth Goldblum is a Senior Managing Director in CBIZ’s Private Equity Advisory practice, leading the financial and operational consulting practice. With over 30 years of experience, he specializes in driving profitable growth and building long-term business alliances. His expertise includes business combinations, merger integration, executive counsel and overall business leadership. Goldblum’s extensive experience and vision have positioned clients for exceptional success, delivering optimal results across financial and operational initiatives.

Julie Jones – Not-for-Profit & Higher Education

Julie Jones is a Managing Director in Washington, D.C. With a career focused exclusively on not-for-profits spanning nearly 30 years, Jones brings a wealth of experience, knowledge, insight, and value to her clients. A leader in CBIZ’s Client Accounting & Advisory Services practice, she is a driving force for creating a culture of collaboration, innovation and growth for the company. Numerous clients count on Jones to advise them on topics that run the gamut from operational efficiencies to financial best practices and growth acceleration.

Michael Sacco – Consumer & Industrial Products

Michael Sacco is a Managing Director in New York City and is responsible for managing CBIZ’s growing consumer and industrial products practice. He provides business advisory services to privately held businesses, private equity-backed companies and their owners. As an advisor, Sacco consults on a range of critical strategies from cash flow projections, third-party financing, cost and expense reduction to benchmarking and inventory management, as well as deal structuring and due diligence issues relating to potential acquisition targets.

Abe Schlisselfeld – Real Estate

Abe Schlisselfeld is a Senior Managing Director in New York City. As the CBIZ real estate national leader, Schlisselfeld advises commercial real estate owners, developers, management firms and real estate investment trusts (REITs) on all facets of taxation. He has explored the tax benefits and implications of the Qualified Opportunity Zones program since its introduction in the Tax Cuts and Jobs Act of 2017, making him a sought-after speaker on the topic.

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 22 major markets coast to coast. For more information, visit www.cbiz.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250211178856/en/

Media: Amy McGahan, Director of Corporate & Strategic Communications, amy.mcgahan@cbiz.com

Investor Relations: Lori Novickis, Director, Corporate Relations, lnovickis@cbiz.com; CBIZ, Inc., Cleveland, Ohio, (216) 447-9000

Source: CBIZ, Inc.

FAQ

Who are the six new national industry leaders appointed by CBIZ (CBZ)?

CBIZ appointed Michael Brooder (Technology & Life Sciences), Doug Fahrnow (Professional Services), Seth Goldblum (Private Equity), Julie Jones (Not-For-Profit & Higher Education), Michael Sacco (Consumer & Industrial Products), and Abe Schlisselfeld (Real Estate), effective Feb. 1, 2025.

When will the new CBIZ (CBZ) industry leaders begin their roles?

The six new national industry leaders will begin their roles effective February 1, 2025.

How does this appointment align with CBIZ's (CBZ) Marcum integration?

These appointments are a significant milestone in integrating Marcum, which became part of CBIZ in November 2024, demonstrating concrete progress in combining expertise and leadership.

What industries will the new CBIZ (CBZ) leaders oversee?

The leaders will oversee six key industries: Technology & Life Sciences, Professional Services, Private Equity, Not-For-Profit & Higher Education, Consumer & Industrial Products, and Real Estate.