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B. Thomas Golisano, Paychex Founder, to Step Down from Company's Board of Directors

1. Founder B. Thomas Golisano will resign in July 2025. 2. Golisano has been instrumental to Paychex's growth since 1971.

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Why Neutral?

While Golisano's departure marks a significant shift, it is planned for 2025, giving the company time to prepare a succession strategy. Historical precedents show founder transitions may lead to volatility but can also ensure continuity if managed well.

How important is it?

The article discusses a significant leadership change which could affect investor confidence and company direction. Golisano's long-standing influence on Paychex could lead to both challenges and opportunities during the transition.

Why Long Term?

The planned resignation allows for strategic transitions, impacting long-term leadership stability and company vision. Past examples, like Steve Jobs at Apple, indicate that careful succession planning can lead to positive outcomes.

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ADPINTU
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, today announced that the company's Founder, B. Thomas Golisano, has decided to step down from his role as a member of the Paychex Board of Directors effective after the Board's July, 2025 meeting. Mr. Golisano, 83, established Paychex in 1971 with a vision to provide payroll support to small businesses. The company went public in 1983, and he served as President, Chief Exe.

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