EXHIBIT 99.1
PRESS RELEASE OF PAYCHEX, INC. DATED JANUARY 31, 2011
PAYCHEX NAMES NEW VICE PRESIDENTS OF MARKETING AND HUMAN RESOURCES
Andrew Childs has 25 years experience in marketing, business development, and
strategy; Laurie Zaucha is 20-year veteran HR executive
Rochester, NY (January 31, 2011)-Paychex, Inc. today announced the appointment of two new vice
presidents. Andrew B. Childs has been named vice president of marketing, a newly created position
for the company. Laurie L. Zaucha has been named vice president of human resources and
organizational development. She succeeds Will Kuchta, who has announced plans to retire this year.
The Paychex Board of Directors has also appointed both new vice presidents officers of the
company.
Paychex president and chief executive officer Martin Mucci says, “I look forward to the leadership
skills of these experienced executives helping to take Paychex to the next level of success.”
Andrew Childs, Vice President of Marketing
Childs brings 25 years of marketing, business development, and strategy experience to Paychex.
Most recently, he was vice president of strategy, solutions, and marketing for management services
at Pitney Bowes, a global technology company providing software, hardware, and document-related
services to businesses. Prior to that, he was a marketing executive for Mercer, a global
consulting, outsourcing, and investment services provider, and for Automatic Data Processing.
“I have said since becoming CEO last fall that we would be putting more focus on marketing, and
Andy’s experience and leadership will help us drive results in this area,” says Mucci. “Paychex
has a strong, respected brand. With Andy’s guidance, we will further position ourselves as the
payroll and HR outsourcing expert for small and medium-sized businesses across America.”
Childs has a Bachelor of Arts degree in chemistry from Harvard University. He begins his new role
at Paychex on February 14, 2011.
Laurie Zaucha, Vice President of Human Resources & Organizational Development
Zaucha is a 20-year veteran human resources executive with experience in all aspects of HR,
including compensation and benefits, organizational development and training, and employee
relations. Most recently, she was senior vice president of human resources for Paetec Holding
Corporation, a Fortune 1000 telecommunications company. Prior to that, she was vice president of
global compensation and benefits for Bausch & Lomb, Inc.
“Our employees are an essential component of our success, so attracting and retaining the best
candidates helps drive our results,” Mucci says. “By bringing someone of Laurie’s caliber and
experience to Paychex, we will continue to grow the employee-focused culture that helps make our
company an employer of choice, one that the best and brightest want to join.”
Zaucha holds a master’s degree in management from Purdue University and a Bachelor of Science
degree in computer information technology from Bentley College. She begins her new position at
Paychex on March 7, 2011.
Zaucha will succeed Will Kuchta, who joined Paychex in 1995. As the company’s vice president of
organizational development, he has managed the human resources and training departments as well as
the government affairs, safety, and security functions. Once Zaucha starts, Kuchta will be
responsible for special projects related to government affairs, monitoring legislative initiatives
that may impact Paychex products and present new opportunities. He will retire in October 2011.
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.
# # #
Media Contact
Laura Saxby Lynch
Director, Corporate Communications
585-383-3074
lsaxbylynch@paychex.com