공고 • Feb 20
Alight, Inc. Announces Board and Committee Changes
Alight, Inc. announced that its Board of Directors appointed Russell (Russ) P. Fradin as its Chairman of the Board of Directors, succeeding William P. Foley, II, who will continue to serve as a board member, effective March 1, 2025. In addition, Robert (Rob) Schriesheim, Robert (Bob) Lopes, Jr., and Mike Hayes have been appointed to the Company’s Board of Directors, replacing Erika Meinhardt, Regina Paolillo and Dan Henson who have each chosen to step down, also effective as of March 1, 2025. Mr. Schriesheim will serve on the Audit and Compensation committees of the Board, Mr. Lopes will serve on the Audit and Nominating and Corporate Governance committees of the Board and Mr. Hayes will serve on the Audit and Compensation committees of the Board. Mr. Fradin joined CD&R in 2016. He played the lead operating role in the Firm’s investments in Capco, Sirius and TRANZACT, serving as chairman until CD&R’s exit. He served as president and CEO at SunGard Data Systems, a $3 billion software and IT services provider with 15,000 customers across more than 70 countries from 2011 until the company’s acquisition by FIS in 2015. Prior to SunGard, he served as the chairman and CEO of Aon Hewitt, a global leader in human resource solutions. During his tenure, Mr. Fradin oversaw the 2010 merger between Aon Consulting and Hewitt Associates, having been CEO of Hewitt since 2006. Previously, he was CEO of BISYS Group, Inc. and held a range of senior executive positions at Automatic Data Processing, both providers of business outsourcing solutions. He worked many years as a management consultant at McKinsey & Company, where he was a senior partner. Mr. Fradin has been an experienced Board and Advisory Committee member of several public and private companies over the years. Mr. Fradin has an M.B.A. from Harvard Business School and a B.S. in economics and finance from The Wharton School of the University of Pennsylvania. Rob is chairman of Truax Partners LLC and leads large, complex transformations in partnership with Boards, CEOs and institutional investors as an investor and director. He has served on 12 public boards ranging from under $1 billion in revenue to Fortune 500, including as chairman, and has served as CFO of 4 public companies varying in revenue from $1 billion to $40 billion. From 2019 to 2021 he served in a full-time capacity as chairman of the finance committee of telecom services provider Frontier Communications leading its transformation and chapter 11 reorganization to restructure $17.5 billion in debt creating $5 billion in stakeholder value. Previously, he was EVP and Chief Financial Officer of Sears Holdings, a broad-based retailer, from 2011 until 2016; SVP and Chief Financial Officer of Hewitt Associates (Alight’s predecessor company), a global human resource consulting and outsourcing company, until its acquisition by Aon in 2010. From 2006 to 2009, he was EVP, Chief Financial Officer and a board director of Lawson Software a publicly traded global ERP software provider until its acquisition by Golden Gate Capital/Infor in 2010. Rob is a director of publicly traded Houlihan Lokey (“HLI”), a global investment bank, where he serves as the lead independent director and chairman of the audit committee; Indivior PLC a pharmaceutical company where he serves as a member of the Nominating and Governance Committee; and of Skyworks Solutions (“SWKS”), an S&P 500 semiconductor company, serving on the audit and compensation committees. In addition, he is an adjunct associate professor of finance focused in the area of Corporate Board Governance and Activism at The University of Chicago Booth School of Business. Previously, Rob was a director of numerous public companies including NII Holdings, formerly Nextel International (acquired by América Móvil S.A.B. de C.V.), Forest City Realty Trust (acquired by Brookfield Asset Management), Co-Chairman MSC Software (acquired by Symphony Technology Group and Elliott Associates) and Dobson Communications (acquired by ATT). Rob received an AB in Chemistry from Princeton University and an MBA from the University of Chicago Booth School of Business with concentrations in business economics and finance. Bob Lopes is well known in the HR outsourcing and HR/Staffing Services Industry. His extensive experience in reorganizing and scaling operations resulted in profitable growth for multiple companies approaching $1 billion in revenues. Bob’s versatility is shown over his career where he has held multiple executive roles within the same company both focused on strategic growth and business efficiency. In addition to Bob’s executive management responsibilities at Randstad, he has been active in the due diligence of acquisition targets, a member of the Executive Diversity Council, and executive supporter of Business Resource Groups (BRGs). Bob assumed the CHRO role for Randstad North America after the COVID outbreak to help guide the businesses and 90,000+ employees through significant change. Prior to Randstad, Bob ran and also served as board member for a privately-held healthcare technology company that was acquired by one of his former employers. At Fidelity, Bob was CEO of Veritude, a HR services and staffing company. At the same time, he was a Managing Director for the holding company (Fidelity Capital). In this role, Bob was responsible for a portfolio that included several Fidelity Capital Companies, including BostonCoach (limousine service), Seaport Companies (including Seaport Hotel), Sebastians (retail café chain), and Veritude (staffing/RPO). Prior to Fidelity, Bob was the Global Managing partner for all of Towers Perrin’s HR & benefits outsourcing businesses where he was responsible for operations in North America and Europe; Bob was a leader in the sale of this business to EDS. Bob’s versatility in both technology and HR services is a common thread throughout his career. Bob holds a business degree from the University of Notre Dame. He resides in the Asheville, North Carolina area. Mike Hayes is Managing Director, Insight Partners, a global software investment firm with over $90B regulatory assets under management as of September 30, 2024, and 800+ portfolio companies across every stage of growth. Prior to Insight, Mike was Chief Operating Officer at VMware, where he led the company's worldwide business operations, their SaaS transition, and the successful acquisition into Broadcom for $94B. Before that, Mike served as Senior Vice President and Head of Strategic Operations for Cognizant Technologies, where he ran a $2B P&L for Cognizant’s global financial services clients.