Lakhia will succeed Ware H. Grove, who is retiring after
24 years
CLEVELAND, Dec. 3, 2024
/PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ), a leading national
professional services advisor, announced today that Brad Lakhia will become its next Senior Vice
President and Chief Financial Officer (CFO), succeeding Ware H.
Grove who plans to retire after a successful 24-year tenure in the
role. As part of a planned transition, Lakhia will assume the CFO
role and join the CBIZ senior team on March
17, 2025.
Lakhia brings nearly 30 years of successful experience leading
and developing teams within large, complex global companies across
a broad array of critical finance disciplines including capital
markets, multi-billion-dollar M&A and integration, treasury,
financial planning and analysis, investor relations, and
operational finance. This experience makes Lakhia an excellent fit
to support CBIZ's continued growth. Most recently, Lakhia served as
Executive Vice President and Chief Financial Officer of OPENLANE,
Inc., a leading operator of digital marketplaces for wholesale
used vehicles. Prior to that, he most recently served as Vice
President of Finance for The Goodyear Tire & Rubber
Company's Americas business segment where he gained over 20
years of combined finance leadership experience that included
multiple international assignments. Lakhia holds a BSBA degree in
accounting from The Ohio State
University Fisher School of Business and an MBA from the
Weatherhead School of Management at Case
Western Reserve University.
"Brad brings impressive financial acumen and leadership
abilities that will allow us to continue to build on our strong
financial performance. His experience in M&A integration,
treasury, capital markets, and operational finance will serve us
well as we solidify our position as the unmatched full-service
professional services advisor to the growing middle market," said
Jerry Grisko, President and Chief
Executive Officer of CBIZ.
"I am thrilled to be joining the CBIZ team and excited about the
opportunities that lay ahead for the company and our industry,"
Lakhia said. "Now that CBIZ and Marcum have come together as one,
CBIZ offers an unparalleled breadth of services and depth of
expertise. I look forward to leading the finance team to support
the continued growth and success of CBIZ. I am grateful to Ware for
the lasting legacy he leaves and his commitment to ensuring a
smooth transition."
"It has been a pleasure to work side by side with Ware, leading
the organization through exponential growth," Grisko remarked. "He
played an indispensable role in our recent acquisition of Marcum,
the largest transaction in our history. I cannot overstate how much
Ware means to CBIZ. I know I am joined by countless colleagues in
thanking Ware for the indelible imprint he has made on CBIZ, our
impressive performance, and our culture."
"Working with the CBIZ team over the years, we have achieved a
remarkable track record of growth and increased shareholder value,"
Grove said. "Having closed the Marcum transaction, the company
is in capable hands and this is a good time to step aside. I
will be supporting a smooth transition in the coming months, and I
look forward to seeing the continued success of CBIZ."
About CBIZ
CBIZ, Inc. (NYSE: CBZ) is a leading professional services
advisor to middle market businesses and organizations nationwide.
With unmatched industry knowledge and expertise in accounting, tax,
advisory, benefits, insurance, and technology, CBIZ delivers
forward-thinking insights and actionable solutions to help clients
anticipate what's next and discover new ways to accelerate
growth. CBIZ has more than 10,000 team members across more than 160
locations in 21 major markets coast to coast. For more information,
visit www.cbiz.com.
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SOURCE CBIZ, Inc.