Automatic Data Processing handed out significant increases to three current and one former executive for the year ended June 30. CEO Carlos Rodriguez’s income topped $19 million, an increase of 52.1 percent from $12.5 million for the prior fiscal year.

The biggest increase came in the category of change in pension value and non-qualified deferred compensation earnings. Rodriguez’s compensation there totaled $3.7 million, up sharply from $185,313. His stock award of $6.8 million for fiscal 2019 was 26.6 percent higher than the $5.3 million the prior year.

CFO Kathleen A. Winters received $6.4 million in fiscal 2019, up 50.5 percent from $4.2 million the prior year. She replaced former CFO Jan Sigmund, who had $6.3 million in pay, an increase of 50.3 percent from $4.2 million. Sigmond held the position from 2012 and had worked at ADP since 1999 and said last year he would retire after a replacement was named. Winters took over the position on April 15.

General counsel and secretary, Michael A. Bonarti received $4.4 million last year, which represented a rise of $49.6 million from slightly less than $3 million.

There were two newcomers to the named executive list. These were Thomas J. Pierrotti. president worldwide sales and marketing, with $3.8 million in compensation, and Maria Black, president of small business solutions and human resources outsourcing, with income of $3.7 million last ye

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Monday, 30 September 2019
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