Broadridge Financial Solutions, a publically traded financial service and corporate consulting firm based in New York City, is making several leadership changes as part of its succession planning process, the firm’s board of directors announced Wednesday.
Tim Gokey, president and chief operating officer, will become its chief executive officer. Rich Daly, the current CEO, will become executive chairman of the board. Les Brun, the firm’s independent chairman of the board, will become the lead independent director. All moves will become effective Jan. 2.
Gokey joined Broadridge in 2010 to lead the company’s growth initiatives. He was named chief operating officer in 2012 and president in August 2017. In those roles, he led the development of the governance, capital markets and wealth management businesses. He was also responsible for the expansion of Broadridge’s capabilities through organic investments and tuck in acquisitions.
Since becoming a public company in 2007, Broadridge has grown from 4,000 to more than 10,000 associates and its revenues have more than doubled to $4.3 billion. Its market capitalization has increased from $2.7 billion to $15.9 billion, generating annualized total shareholder returns of 21 percent. The company was added to the S&P 500 last June.