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Paychex appoints new senior VP to enhance data strategy

EditorRachael Rajan
Published 03/12/2024, 08:33 AM
© Reuters.

ROCHESTER, N.Y. - Paychex, Inc. (NASDAQ: NASDAQ:PAYX), a prominent provider of human capital management solutions, has announced the hiring of Beaumont Vance as senior vice president of data, analytics, and AI.

Vance's immediate role involves spearheading the development and execution of the company's data strategy, which encompasses business intelligence, advanced analytics, and AI-driven automation.

John Gibson, president and CEO of Paychex, expressed confidence in Vance's appointment, citing the need for seasoned leadership to propel the company's over-a-decade-long AI journey. Gibson highlighted Vance's proven track record in leading data transformation and driving automation as vital to accelerating Paychex's data and AI initiatives, aiming to enhance business performance and customer value.

Vance's extensive background includes a recent position as managing director of AI and investments at WestCap Partners. His experience is further backed by roles at TD Ameritrade, Fidelity, Sun Microsystems, and Vicorp Restaurants, where he focused on data science, risk management, and AI leadership. Vance is also an alumnus of Wake Forest University.

Paychex, a leader in the HCM industry, offers a comprehensive suite of technology and advisory services, including human resources, employee benefit solutions, insurance, and payroll. The company serves around 740,000 customers across the United States and Europe and is responsible for paying one out of every 12 American private sector employees. Paychex's commitment to business success and community development is carried out by its workforce of over 16,000 individuals.

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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