GLOBAL - Russell Fradin will take over as chairman and CEO of Hewitt Associates, with veteran Dale Gifford retiring after 16 years in the role.
In his new role, Fradin said he would aim to build on the firm's foundation to create more value and position Hewitt for long-term profitable growth and a stronger future for clients, associates and stockholders.
Fradin had served most recently as president and CEO of outsourcing firm The Bisys Group, and will succeed Gifford in September.
Prior to joining Bisys, Fradin spent more than seven years in various executive positions with Automatic Data Processing (ADP), including president of its global employer services group, where he doubled revenues to $4.5bn
He holds a bachelor's degree in economics from the University of Pennsylvania as well as a master's in business administration from Harvard Business School, and currently serves on the board of directors of the Corporate Executive Board.
Gifford described it as the appropriate time to change leadership. He spent over 30 years at Hewitt, serving as CEO since 1992. He said planned to remain with the organisation through the end of its fiscal year (September 30, 2006) to help ensure a smooth transition.
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