EXHIBIT 99.1
PRESS RELEASE OF PAYCHEX, INC. DATED OCTOBER 14, 2010
For Immediate Release
Paychex Appoints Two New Board Members
New Paychex President and CEO Martin Mucci and Staples Executive Joseph Doody
Named to Board of Directors of Payroll and HR Services Provider
Rochester, NY (October 14, 2010) - Paychex, Inc., a leading provider of payroll, human resource,
and benefits outsourcing solutions for small- to medium-sized businesses, today announced that the
Paychex Board of Directors has appointed two new members. They are Martin Mucci, who was named
Paychex president and chief executive officer September 30, 2010, and Joseph Doody, president of
Staples North American Delivery, one of Staples three business segments. Staples is the worlds
largest office products company.
Joseph Doody
In his role as president of Staples North American Delivery, Mr. Doody, 58, is responsible for
Staples Advantage, Staples business-to-business division serving medium-sized to Fortune 1000
companies; Staples Business Delivery, a sales channel that serves small businesses through
staples.com and catalogs; and Quill Corporation, a direct marketer of office supplies to small and
medium-sized businesses. Mr. Doody is also chairman of Staples China.
We are delighted to have Joe as a member of the Paychex Board of Directors, said B. Thomas
Golisano, Paychex chairman and founder. He has a very strong understanding of small business
through his experience at Staples, something demonstrated by the growth he has created for that
organization.
Before joining Staples in 1998, Mr. Doody was president of Danka Office Imaging in North America,
formerly Kodak Office Imaging. Prior to that, Mr. Doody spent 23 years with Eastman Kodak Company
in various roles of increasing responsibility, culminating with his position as general manager and
vice president, North America, Office Imaging.
Mr. Doody holds a bachelors degree in economics from the State University of New York at
Brockport, and he has a Masters of Business Administration in marketing from the Simon Graduate
School of Business at the University of Rochester. In addition to his appointment to the Paychex
Board of Directors, Mr. Doody will serve as a member of the audit committee of the Board.
Martin Mucci
Mr. Mucci is the third president and CEO in Paychexs nearly 40-year history. He was unanimously
selected for this role by the Paychex Board of Directors, succeeding Jonathan J. Judge, who
resigned in July 2010. The Board of Directors appointed Mr. Mucci to the Board and to the
executive committee of the Board.
-More-
Mucci and Doody - Paychex Board Members
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October 14, 2010
We are pleased to have Marty as a voting member of the Board, Mr. Golisano said.
Mr. Mucci, 50, joined Paychex in 2002 as the companys senior vice president of operations. Prior
to joining Paychex, Mr. Mucci was CEO of Frontier Telephone of Rochester, Inc. and president of
telephone operations for Frontier Communications, with responsibility for sales, operations,
customer service, and financial performance of Frontiers 34 local telephone companies.
Mr. Mucci holds a bachelors degree in accounting from St. John Fisher College in Rochester, New
York and received a masters degree in business administration through the Executive Development
Program at the University of Rochesters Simon Graduate School of Business.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits
outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive
payroll services, including payroll processing, payroll tax administration, and employee pay
services, including direct deposit, check signing, and Readychex®. Human resource
services include 401(k) plan recordkeeping, section 125 plans, a professional employer
organization, time and attendance solutions, and other administrative services for business. A
variety of business insurance products, including group health and workers compensation, are made
available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in
Rochester, New York, the company has more than 100 offices serving approximately 536,000 payroll
clients nationwide as of May 31, 2010. For more information about Paychex and our products, visit
www.paychex.com.
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Media
Contact
Laura Saxby Lynch
Director, Corporate Communications
Paychex, Inc.
(585) 383-3074
lsaxbylynch@paychex.com