Who Controls ADP?
ADP, or Automatic Data Processing, is a global provider of business outsourcing solutions for human resources, payroll, tax, and benefits administration. The company is one of the largest providers of these services in the world, and it has been in business since 1949. So, who controls ADP?
The short answer is that ADP LLC owns ADP. The company was originally founded and owned by brothers, Henry and Joe Taub back in 1949 in Paterson, New Jersey, as a manual payroll processing business. The original name of the company was Automatic Payrolls.
History of ADP
ADP has grown significantly since its founding in 1949. The company has gone through several changes in ownership and management over the years, but it has remained a privately held company. In the early 2000s, the company was acquired by a private equity firm, and in 2007, it went public.
Since then, ADP has grown to become one of the largest providers of business outsourcing solutions in the world. The company now has over 600,000 clients in more than 125 countries, and it employs over 60,000 people.
Who Owns ADP?
ADP is currently owned by a group of private investors, including Blackstone Group, Hellman & Friedman, and J.P. Morgan. The company is also publicly traded on the New York Stock Exchange under the ticker symbol ADP.
Who Controls ADP?
The Board of Directors of ADP is responsible for the overall management and direction of the company. The Board is made up of 11 members, including the Chairman and CEO, Carlos A. Rodriguez, and the President and COO, Mike Capone.
The Board of Directors is responsible for setting the company’s strategic direction, approving major decisions, and overseeing the management of the company. The Board is also responsible for appointing the company’s executive officers, including the CEO and COO.
Related Topics
What Services Does ADP Provide?
ADP provides a wide range of business outsourcing solutions, including payroll, tax, and benefits administration. The company also offers a variety of other services, such as time and attendance tracking, human resources management, and employee engagement.
What is ADP’s Revenue?
ADP reported total revenue of $14.5 billion in 2020. The company’s revenue has grown steadily over the past few years, and it is expected to continue to grow in the coming years.
Does ADP Have Any Competitors?
ADP has several competitors in the business outsourcing solutions industry, including Paychex, Intuit, and Workday. These companies offer similar services, but ADP is the largest provider of these services in the world.
Conclusion
ADP is one of the largest providers of business outsourcing solutions in the world, and it has been in business since 1949. The company is currently owned by a group of private investors, and the Board of Directors is responsible for the overall management and direction of the company.
The Board of Directors is responsible for setting the company’s strategic direction, approving major decisions, and overseeing the management of the company. ADP provides a wide range of business outsourcing solutions, including payroll, tax, and benefits administration. The company reported total revenue of $14.5 billion in 2020.
Overall, ADP is a successful and well-established company that is well-positioned to continue its growth in the future.
“ADP is a leader in providing business outsourcing solutions, and we are proud to be part of their success.” – Carlos A. Rodriguez, Chairman and CEO of ADP
References:
1. ADP: Company Overview
2. ADP Definition & Meaning
3. ADP LLC: What You Should Know